US Stock market in overview

 

US Stock market overview

US equity market ended lower on Tuesday, with energy shares among the most negative. Although ISM Manufacturing PMI report came positive for the economy of the country market was not able to hold on at higher levels and energy shares were among the top losers for the day. With no major data due on Wednesday, market is expected to trade range bound with less volume.

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Dr. Pepper Snapple Group : U.S. Stock pick of the day

Recommendation : Buy above $63.00

Target                   : $65.50

STOCK SUMMARY:-

Dr Pepper Snapple Group Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $63.00 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 $65.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above the trend line and with good consolidation on daily intraday chart. Near term breach of resistance level of $63.00 is expected, which would trigger bullish sentiment in the stock to test the levels of $65.50.

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.

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Bulls and bears of the U.S. stock Market

 

Bulls and bears of the U.S. stock Market

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Banco Bradesco ADS	17.89	08.42
Signet Jwellers	116.37	07.72
Rex American Resources	108.16	07.57
North Atlantic Drilling	10.99	06.49
Coupons.com	13.96	06.24

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Frontline	02.25	12.79
Williams Sonoma	65.93	11.96
Violin Memory	03.76	10.26
Guess	23.38	08.81
Genesco	81.94	07.59

U.S. equity market overvew

 

U.S. equity market overview

US equity market ended lower on Thursday on ground of Ukraine worry but positive economic data helped to curb losses to some point. 

Worries over tension abroad had largely receded from Wall Street with major indexes seeing few negative days over the past two weeks and the Dow and S&P performing fairly well with both hitting record highs. 

On Friday with no major economic data in US market is expected to trade in a range with less volume.

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Stock pick of the day : BLOCK H & R INC

Recommendation : Buy above $33.92
 
Target : $35.50

 
STOCK SUMMARY:-
 
Block H & R Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $33.92 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 $35.50.

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CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining above the trend line and with good consolidation on daily intraday chart. Near term breach of resistance level of $33.92 is expected, which would trigger bullish sentiment in the stock to test the levels of $35.50.

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.

Bulls and Bears of NYSE

 

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Express	16.45	12.75
TIM Participacoes ADS	28.14	10.83
Rex American Resources	100.55	10.80
Mobileye	45.25	09.22
Arista Networks	83.16	09.18

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Solera Holdings	59.93	10.94
Autohome ADS	50.44	10.88
Leju Holdings ADS	16.60	07.39
Bitauto Holdings ADS	89.02	07.78
Jumei International Holding ADS	31.72	06.71

US Stock Market Overview

US equity market ended flat on Wednesday after spending the day into narrow range. 

Market opened with slim gains, but traded flat for the rest of the day. 

S&P 500 closed around 2000 after falling in the last hour of the trading session. 

Nasdaq closed at 4569.62 with Dow Jones Industrial Average closing at 17122.01. 

Unemployment claims data due on Thursday is expected to come positive for the economy and keep up the bullish sentiments in the market.

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