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Monday 13 October 2014

US equity market witnessed a sharp sell off on Friday


Market Overview:-
US equity market witnessed a sharp sell off on Friday with all major indixes recording their deepest weekly decline in last two years. Market is volatile on concerns about slowing economic growth. Bad economic data with dovish statement is is causing weakness in equity market. US equity market is closed on Monday on observance of Columbus day.


BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Diplomat Pharmacy
16.88
29.85
L-3 Communications Holdings
117.95
09.10
Global Ship Lease CI A
03.37
08.01
Fortuna Silver Mines
04.52
07.62
Infosys ADS
63.16
06.31

BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Spansion CI A
16.99
15.05
ITT Educational Services
04.67
14.00
Manitowoc
18.76
12.87
Aerohive Networks
06.63
11.48
A10 Networks
04.21
11.18


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.

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