US equity market today's overview

Today's U.S. stock market overview

US stock market finished on a somewhat higher note on Thursday recuperating from prior misfortunes of the day with increase in vitality imparts as they skiped once again to oil costs. S&P 500 picked up 1.67 focuses or 0.08% to close at 1997.36. The NASDAQ Composite added 5.28 focuses or 0.12% to close at 4591.81. The Dow Jones Industrial average however lost 19.78 points or 0.12% to close at 17048.93. Retail deals and Consumer notion information is expected on Friday which is required to come positive for the economy to help bulls assume control over the business sector assessments.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
NeoPhotonics	03.00	11.11
Vail Resorts	85.05	10.78
Nuverra Environmental Solutions	14.98	10.07
Taminco	26.18	09.63
Rubicon Project	10.73	08.23

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Brady CI A	25.00	07.65
Rex American Resources	96.11	07.12
First Marblehead	04.40	06.58
Leju Holdings ADS	15.13	06.43
Coupons.com	14.09	06.38

FOREX hike in Sterling

United Kingdom's currency rates over United States of America's dollars' is one of most traded forex exchange pair which tracks development of the major developed economies and sets a trend for other currency pairs.

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Great Britain's Pound (GBP) traded almost flat against dollar holding its stable rates on Thursday after recovering from its lowest bench point of 10-months recorded on Monday.

Sterling fell on rising announcement of Scotland's independence which brought its forex values to an unexpected slowdown. Though, GBP/USD traced a recovery path, concerns over independence of Scotland are likely to hold high risk quotient on GBP trading.

The latest trading quotes of pair reported slipping at 0.06 percent with summarizing trade value at 1.6201 today. According to yesterday's data, the pair located trades around the levels of 1.6050 holding the weakest level since the fall of November 2013.

The range bounds for GBP/USD for Thursday trading is between 1.6100 supporting level with resistance at 1.6280 level.

British sterling climbed up in trade after the country launched a new poll to recheck the data produced by YouGov research. The new opinion poll supported the campaign posting NO to Scottish independence as 53 percent attendants voted against the move.

Therefore, Scotland's independence is the biggest concern for UK markets and it's currency's valuation in forex trade.

In other trades also, sterling climbed higher against the world currencies, with EUR/GBP sinking 0.06 percent floating at 0.7962, compared to its yesterday's hike coming to three-month highest record at 0.8065.

U.S. stock pick of the day : Facebook Inc

U.S. stock pick of the day

Recommendation   :  Buy above $78.25
 

Target                    :   $80.50

STOCK SUMMARY:-
 

Facebook Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $78.25 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 $80.50.

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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 $78.25 is expected, which would trigger bullish sentiment in the stock to test the levels of $80.50.

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 market today's overview

U.S. stock market today's overview

US equity market ended on a higher note on Wednesday recovering yesterday's losses with gain in technology share. Investors are now focused on the timing of an interest rate increase from the Fed. The Fed is gauging the strength of economy with winding up of bond buying program and interest rate increase which might be seen in mid September. With employment data due on Thursday it is expected to support bulls in the market and boost investor confidence in green.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Daqo New Energy ADS	48.00	16.59
Silver Spring Networks	11.81	12.20
Palo Alto Networks	98.70	10.55
DHT Holdings	06.96	08.92
Imperva	33.75	08.73

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Pulse Electronics	02.50	19.35
Anglo Gold Ashanti ADS	12.86	17.01
Autohome ADS	42.67	08.82
500.com ADS	32.94	08.35
Marcus & Millichap	27.17	07.40

USD surged: USD/JPY highest in 6-year

US dollar set a new highest record in six-year's script over Japanese Yen (JPY) on Wednesday, with Australian dollar (AUD) recording another session bulked with a big box of losses over rise in US treasury yields.

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Forex traders are summing over the risk of trading in US currency trading coming out of US interest rate rise. Investors are reallocating their investments to USDs following Federal Reserve's report in the current weak citing higher determined recovery hiking the price of currency hitting new targets everyday.

With statements and publications from Fed, US treasury yields climbed up close to two year's highest heading to break three-year's highest record of 0.590 percent. High security long-term yielding US treasury rose more than 2.50 percent recovering from its recent fall at 2.30 percent rate. In Asian markets, it traded at 2.505 on Wednesday in early session.

USD backed up with positive cues from US treasury yields branded its value higher against most of the major currencies in the market. USD/JPY expanded to 106.56 breaking its six-year's highest record.

"Trader who did not hold their dollar stock lost out on big gains which will continue as Japanese yields fall further in near future," a forex researcher quoted from a renowned company in Tokyo.

Asian currencies fell against dollars and so did Australian dollar ratio with US dollar. AUD/USD lowered 0.4 percent down trading at 0.9162 in the market range today. Though, the ratio is posting a slim drop at 0.4 percent, in the overview of forex trade market AUD/USD gained momentum from its previous close at 0.9154.

Among domestic cues, Australian dollar commenced a climbing trend but paused on highest record gains in US. Australian forex expert said, "The trading level of AUD/USD broke its normal closing at 0.9175 as per estimates."

Similarly, European markets reported lower over gains in USD. EUR/USD plunged 14 months gains coming back to 1.2859 losing 0.1 percent from its last closing at 1.2925.

UK markets fought back US currency recovering from its disappointing beat down from the news of Scotland's independence. GBP/USD moved a notch up at 0.1 percent coming to 1.6115 coming back from its lifetime low at 1.6060 recorded yesterday.

US Stock pick of the day : 3M

Stock pick of the day

Recommendation   :   Buy above $146.50

Target                    :    $148.50

STOCK SUMMARY:-

3M Co is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $146.50 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 $148.50.

  

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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 $146.50 is expected, which would trigger bullish sentiment in the stock to test the levels of $148.50.

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.

US stock market : top gainers and losers

Bulls and Bears of NYSE

 

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Pulse Electronics	03.10	53.47
Annie's Inc	46.10	37.57
GFI Group	05.69	13.12
Evogene	13.48	08.27
Castlight Health CI B	13.80	08.24

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
USEC	03.36	18.05
MaxLinear	07.26	17.22
Leidos Holdings	33.21	12.28
Bitauto Holdings ADS	82.44	11.42
Paragon Offshore	07.35	10.58