US Stock Market Overview

U.S. stock market closed on a positive note on Monday on hopes that China will take monetary policy further, if needed. The Dow Jones industrial average rose 7.39 points or 0.04% to close at  17817.45, the S&P 500 gained 5.94 points or 0.29% to close at 2069.44 and the NASDAQ Composite added 41.92 points or 0.89% to 4754.89. Although DOW & S&P are trading at their record highs but they were not able to break the benchmark level which was set last Friday. Consumer Confidence and GDP data are due on Tuesday, which are expected to come positive for the US economy, to take the market set new highs.

NATIONAL OIL WELL VARCO INC

Technical Chart

Recommendation     :          Buy above $74.50
Target                     :           $76.50
STOCK SUMMARY:-National Oil Well Varco Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $74.50 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $76.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above resistance trend line with symmetrical triangle pattern formation on daily intraday chart. Near term breach of resistance level of $74.50 is expected, which would trigger further bullish sentiment in the stock to test the levels of $76.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NYSE Stock Pick of the Day : ANALOG DEVICES INC

NYSE Stock Pick of the Day

Recommendation    :           Buy above $50.75
Target                      :           $52.50

STOCK SUMMARY:-Analog Devices Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $50.75 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $52.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $50.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $52.50.

Technical chart

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

US Stock Pick of the Day : CPFIZER INC

Stock Pick of the Day

Recommendation     :           Buy above $30.75
Target                     :          $32.50

STOCK SUMMARY:-
Pfizer Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $30.75 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $32.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $30.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $32.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall Street Pick of the Day : CONAGRA FOODS INC

Pick of the Wall Street

Recommendation   :             Buy above $34.95
Target                     :             $39.50

STOCK SUMMARY:-
 

Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $34.95 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $39.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $34.95 is expected, which would trigger further bullish sentiment in the stock to test the levels of $39.50.

Technical Chart

INDICATORS:-
 

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall Street Stock pick of the day : BEST BUY INC

Stock Pick of the Day

Recommendation    :            Buy above $35.65
Target                     :             $38.50
STOCK SUMMARY:- 
Best Buy Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $35.65 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $38.50.

CHART FORMATION 

Technical Chart

Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $35.65 is expected, which would trigger further bullish sentiment in the stock to test the levels of $38.50.

INDICATORS:- 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall Street Stock Pick of the day : INTERNATIONAL FLAVORS & FRAGRANCE

Recommendation     :           Buy above $100.50
Target                       :          $103.50

STOCK SUMMARY:-
 
International Flavors & Fragrance is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $100.50 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $103.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $100.50 is expected, which would trigger further bullish sentiment in the stock to test the levels of $103.50.

Technical Chart

INDICATORS:-
 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NYSE stocks overview

U.S. stock market ended on record highs on Monday, with bulls in transportation and health care sector. The Dow Jones industrial average rose 39.65 points or 0.23% to 17613.58, the S&P gained 6.33 points or 0.31%to 2038.25 and the NASDAQ Composite added 19.08 points, or 0.41% to 4651.62. With US bank holiday on Tuesday in observance of Veterans day, market is expected to trade in range with low volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Dean Foods	16.41	13.80
Key Energy Services	02.80	11.11
New Castle Investment	04.70	10.33
Global Partners	42.82	10.07
Light In The Box Holding ADS	07.57	09.71

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Resolute Energy	02.81	22.16
UCP CI A	11.70	15.16
Rayonier	28.84	14.94
Swift Energy	06.45	13.49
Arch Coal	02.50	12.41

US Stock Pick of the Day for 10th Nov '14 : FOSSIL GROUP INC

US stock pick of the day

Recommendation                Buy above $103.90
Target                                  $107.50

STOCK SUMMARY:-
Fossil Group Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $103.90 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $107.50.


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CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $103.90 is expected, which would trigger further bullish sentiment in the stock to test the levels of $107.50.

INDICATORS:-

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall Street Stock Pick for the upcoming session : VALERO ENERGY CORP NEW

Recommendation     :           Buy above $51.25
Target                     :          $53.50
STOCK SUMMARY:-
 
Valero Energy Corp New is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $51.25 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $53.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $51.25 is expected, which would trigger further bullish sentiment in the stock to test the levels of $53.50.

INDICATORS:-
 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

U.S. stock pick of the day : NIELSEN N V

Stock pick of the day

Recommendation    :            Buy above $42.80
Target                     :            $44.50

STOCK SUMMARY:-
 
Nielsen N V is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $42.80 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $44.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $42.80 is expected, which would trigger further bullish sentiment in the stock to test the levels of $44.50.

Technical Chart

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall street stock of the day : GENERAL ELECTRIC CO

Stock pick of the day

Recommendation   :             Buy above $26.00
Target                      :            $28.50

STOCK SUMMARY:-
General Electric Co is overall in consolidate trend and is sustaining at lower levels on chart. Traders  can buy the stock above the level of $26.00 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $28.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $26.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $28.50.

Click to enlarge

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NYSE stock pick of the day : BED BATH & BEYOND INC

Stock of the day

Recommendation    :            Buy above $68.00
Target                     :           $70.50

STOCK SUMMARY:-
 
Bed Bath & Beyond Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $68.00 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $70.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $68.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $70.50.

Technical chart

INDICATORS:-
 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NYSE Overview, top gainers and losers and stock pick of the day

US stock market ended on a negative note on Wednesday, with the close of six-year effort to stimulate economy. The end of QE program by the Fed reflects the improvement in labor market and the diminished risk on inflation side. The Fed will also be keeping interest rate at current low rates for a considerable time. Employment data is due on Thursday which is expected to keep up the good positive pace in the economy.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
USANA Health Sciences	106.95	21.74
Corporate Executive Board	71.16	17.37
Adeptus Health	32.23	16.48
ACCO Brands	08.45	15.12
Doral Financial	05.94	15.12

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Inven Sense	16.08	25.14
Wabash National	10.16	21.18
Orbital Sciences	25.27	16.79
Aerohive Networks	04.85	15.80
Myers Industries	14.35	15.64

 

Stock pick of the day : AMEREN CORP

Recommendation     :           Buy above $41.92
Target                      :            $43.50

STOCK SUMMARY:-
Ameren Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $41.92 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $43.50.

CHART FORMATION
Stock is in bullish trend for near term and price is taking support from the trend line with breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $41.92 is expected, which would trigger further bullish sentiment in the stock to test the levels of $43.50.

Click to enlarge

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.
XL GROUP PLC

NYSE stock pick of the day : XL GROUP PLC

NYSE stock pick of the day

Recommendation    :           Buy above $33.85
Target                     :          $35.25

STOCK SUMMARY:-
XL Group Plc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $33.85 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $35.25.

CHART FORMATION

click to enlarge

 
Stock is in bullish trend for near term and price is testing the resistance level with breakout above the trend line with good consolidation on daily intra-day chart. Near term breach of resistance level of $33.85 is expected, which would trigger further bullish sentiment in the stock to test the levels of $35.25.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

Wall street stock pick of the day : CBRE GROUP INC

Stock pick of the day

Recommendation    :            Buy above $30.75
Target                     :           $32.25

STOCK SUMMARY:-
 

CBRE Group Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $30.75 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $32.25.

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CHART FORMATION
 

 

Stock is in bullish trend for near term and price is testing the resistance level with breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $30.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $32.25.

INDICATORS:-
 

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

NSYE stock pick of the day : TYSON FOOD INC

NYSE stock pick for the upcoming session

Recommendation   :             Sell Below $37.00
Target                       :             $35.50

STOCK SUMMARY:-

Tyson Food Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can short the stock below the level of $37.00 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $35.50.

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CHART FORMATION

Stock is in consolidate trend for near term and price is testing the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $37.00 is expected, which would trigger further bearish sentiment in the stock to test the levels of $35.50.

stock pick analysis chart

INDICATORS:-

RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

U.S. stock pick of the day : ALLSTATE CORP

NYSE stock pick of the day

Recommendation    :           Sell Below $59.25
Target                     :          $57.50

STOCK SUMMARY:-
Allstate Corp is overall in bearish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $59.25 which is a near term resistance level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $57.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected to test the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $59.25 is expected, which would trigger further bearish sentiment in the stock to test the levels of $57.50.

INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

U.S. stock pick of the day : VF CORP

US stock pick of the day

Recommendation     :           Sell below $65.50
Target                     :            $64.10

STOCK SUMMARY:-
VF Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $65.50 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $64.10.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with double top pattern formation on daily intraday chart. Near term breach of support level of $65.50 is expected, which would trigger bearish sentiment in the stock to test the levels of $64.10.

INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 55.
In MACD, signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.

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U.S. stock pick of the day : CONSTELLATION BRANDS INC

US stock pick of the day

Recommendation   :             Sell below $84.05
Target                      :             $82.50

STOCK SUMMARY:-
Constellation Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $84.05 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $82.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with good consolidation on daily intraday chart. Near term breach of support level of $84.05 is expected, which would trigger bearish sentiment in the stock to test the levels of $82.50.

INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.

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NYSE stock pick of the day : KROGER CO

NYSE stock pick of the day

Recommendation                Sell below $51.45
Target                                    $50.25

STOCK SUMMARY:-
 
Kroger Co is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $51.45 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $50.25.

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CHART FORMATION
 
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with good consolidation on daily intraday chart. Near term breach of support level of $51.45 is expected, which would trigger bearish sentiment in the stock to test the levels of $50.25.

 
INDICATORS:-
 
RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.