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Stocks report by HY Markets

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Re: Stocks report by HY Markets

Postby HY Markets » Tue Oct 07, 2014 11:59 am

HYMARKETS Stocks Report: Coca-Cola Co/The


• Coca-Cola reaches buy targets 43.00 and 43.50
• Next buy target - 44.00

Coca-Cola recently reached both of the buy targets that were set previously for this company (43.00 and 43.50). The price yesterday closed near the last of these buy targets – 43.50 – which also stands inside the resistance zone lying at the intersection of the two upper resistance trendlines of the two daily up channels from August and February of this year (as you can see below). If Coca-Cola breaks above this resistance zone – the price can be expected to rise to the next buy target at 44.00. Alternatively, the downward correction to 43.00 is likely.


See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Oct 13, 2014 1:58 pm

Stock Markets Report 13th October

STOCKSWORLD MARKET NEWS Oct 13, 2014

Asian stocks
Asian stocks started the week trading lower as traders raise concerns over the global economic growth slowdown possibly reducing the demand for safe-haven assets.

Last week the International Monetary Fund (IMF) reduced its global economic growth outlook and said it projects the global economy to grow 3.8% next year, down from the previous forecast of 4% made in June, while this year’s world economy growth is expected to come in at 3.3%. The lower slow recovery in the Eurozone, weak German trade reports and comments from key officials also weighed on the regional stocks.

Hong Kong’s Hang Seng index slid 0.66% lower to 22,936.15 points during the early trading hours, while the Chinese mainland Shanghai Composite declined 0.47% to trade at 2,363.28 points at the same time.

China reported a trade surplus of $31 billion in September from $49.84 billion in the previous month after reporting a climb in imports by 7% and 15.3% rise in exports, compared to the 12% surge forecasted by analysts.

Oil-giant, PetroChina lost 2.3% after Brent crude fell to the lowest in almost four years, while property developers Agile Property declined the most after its chairman was placed under the control of Chinese prosecutors.

The Japanese markets were closed on Monday in celebration of Health-Sports day. The Japanese yen strengthened against the US dollar on Monday, trading around 107.22 yen on safe-haven demand for the currency.

Australia
In Sydney, the benchmark S&P/ASX 200 index slid 0.56% lower to trade at 5,159.10 points, dragging financial stocks lower.

Financial stocks saw losses, with ANZ losing 0.5%, Westpac and Commonwealth Bank of Australia each declined by 0.7% and National Australia Bank was seen flat.

While the two-leading miners, BHP Billiton and Rio Tinto gained 0.7% after iron ore prices went up 1.7% higher on Friday. On the downside, Oz Minerals went down 0.3% and BC Iron lost more than 2%.

European Stocks
European stocks extended losses on Monday, declining for a fifth day on the global economy recovery as the markets in Germany opened in the red territory.

The European Euro Stoxx 50 opened 0.90% lower to trade at 2,963.50, while Germany’s DAX index was down 1.02% to 8,701.80. In France the benchmark CAC index edged 0.94% lower to start at 4,035.70 and UK’s FTSE 100 index fell 1.11% to 6,251.30.

The German DAX has fallen 13% since it’s record-high of 10,029 points in July.



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Re: Stocks report by HY Markets

Postby HY Markets » Fri Oct 17, 2014 9:14 am

Friday 17th October 2014
THE EURO closed lower on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it extends this summer's decline, monthly support crossing is the next downside target.

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Fri Oct 17, 2014 9:15 am

Friday 17th October 2014
THE EURO closed lower on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it extends this summer's decline, monthly support crossing is the next downside target.

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Fri Oct 17, 2014 12:51 pm

HYMARKETS Forex Report: USD/CHF


• USD/CHF reverses from support level 0.9400
• Further gains likely toward 0.9500

USD/CHF recently reversed up from the support zone near the support level 0.9400. This support zone was strengthened by the 38.2% Fibonacci Correction of the earlier impulse from the start of July, the lower daily Bollinger Band and the upper channel line of the recently broken up channel from July (as you can see below). The upward reversal from this support zone completed the preceding minor correction 4. USD/CHF is expected to rise further to the next resistance level 0.9500.

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Oct 20, 2014 12:02 pm

HYMARKETS Stocks Report: American Express Co

• American Express reverses from support level 80.00
• Further gains likely toward 84.00 and 86.00

American Express recently reversed up sharply after the price reached the round support level 80.00 that was mentioned in our previous report for this company. The support zone near this support level was strengthened by the 61.8% Fibonacci Correction of the preceding upward impulse from August and the lower daily Bollinger Band (as you can see below). The upward reversal from this support zone created the strong Japanese candlestick reversal pattern – daily Hammer, followed by Doji. American Express is likely to rise further to the next resistance levels - 84.00 and 86.00.

See more analysis at http://www.hymarkets.com/

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Re: Stocks report by HY Markets

Postby HY Markets » Tue Oct 21, 2014 11:13 am

HYMARKETS Stocks Report: Exxon Mobil Corp

• Exxon reverses from support zone between 90.00 and 87.00
• Further gains likely toward 94.00

Exxon recently fell sharply inside the C-wave of the second intermediate ABC correction (2) from the start of this year. This C-wave stopped in the support zone lying between the support levels 90.00 and 87.00. This support zone was strengthened by the lower support trendline of the daily down channel from July. Exxon reversed up from this support area with the strong Japanese candlestick reversal pattern – the daily Bullish Engulfing (highlighted on the daily Exxon chart below). Exxon is likely to rise further to the next resistance level 94.00.



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Re: Stocks report by HY Markets

Postby HY Markets » Wed Oct 22, 2014 10:29 am

HYMARKETS Stocks Report: Intel Corporation

• Intel breaks above resistance level 32.50
• Likely to rise further toward 34.00

Intel recently rose sharply – following the earlier reversal from the support zone surrounding the support level 31.00. The upward reversal from this support zone completed the previous intermediate (A)-wave from the start of September. The currently active intermediate (B)-wave recently broke the resistance level 32.50 – that was mentioned in our previous report for Intel. The breakout of this resistance level should add to the bullish pressure on Intel in the coming trading sessions. Intel is likely to rise further to the next resistance level 34.00.

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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Re: Stocks report by HY Markets

Postby HY Markets » Thu Oct 23, 2014 3:43 pm

HYMARKETS Index Report: S&P 500

• S&P 500 rises inside minor impulse 3
• Likely to rise further to 1970.00

S&P 500 recently reversed up sharply from the support zone lying between the support level 1850.00, the lower daily Bollinger Band and 61.8% Fibonacci Correction of the previous extended upward impulse from February. This upward reversal completed the latest minor correction 2. The following sharp minor impulse 3 recently stopped near the lower trendline of the recently broken longer-term up channel from last year (acting as resistance now after it was broken). If S&P 500 breaks above this trendline, the price can rise to the next resistance level 1970.00.


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Re: Stocks report by HY Markets

Postby HY Markets » Fri Oct 24, 2014 12:46 pm

HYMARKETS Stocks Report: The Goldman Sachs Group, Inc

• Goldman Sachs approaches resistance level 180.00
• Likely to rise further toward 185.00


Goldman Sachs has been rising strongly in the last few trading sessions – following the earlier reversal from the support zone lying at the intersection of the support level 171.50, the lower support trendline of the daily up channel from April, the 61.8% Fibonacci Correction of the previous upward impulse from July and the lower daily Bollinger Band. Goldman Sachs recently stopped near the resistance level 180.00. If it breaks above 180.00, Goldman Sachs can be expected to rise further to the next resistance level 185.00.

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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