London Stocks Morrison Showing Strength For Selling | Free Trading Signals

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MARKET OVERVIEW

London stocks dropped ahead of policy decision from the US Federal Reserve regarding interest rate and nervousness surrounding Greece continued to simmer, despite another drop in Greek sovereign bond yields after Athens bowed to pressure to re-jig the team in charge of negotiating with its international creditors.
The FTSE 100 ended the day down 73.45 points at 7,030.53. Greek 10-year bond yields fell by 66 basis points to 10.99%. UK economic data on Tuesday which showed, The British economy grew just 0.3% quarter-on-quarter in the first three months of the year, as the services sector "slowed down ". In latitude investors were continuing to keep close tabs on the results of the latest election polls in the UK. If during the day market breaches the support level of 6975 downside after consolidation, then it can test the level of 6925 on the downside and on the upside it has a resistance level of 7020

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RECOMMENDATION  SELL
TARGET     512

MORRISON (WM) SUPERMARKETS PLC

The Major trend of MORRISON (WM) SUPERMARKETS Plc is sideways and it is showing strength for selling. It is sustaining near the support level then one can initiate the selling position in the stock. If it breaks the level of 189.60 then it can show downside movement for the target of  183.20 with the stop loss of  196.

CHART FORMATION:-
 
Stock is trading in a range and breaking its support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-
 
RSI is trading near to 40.35 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

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LONDON STOCKS FALL !

London stocks falls on a fourth day consecutive loss as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. In economic data, a Nationwide survey showed the annual growth in UK house prices slowed to an 18-month low of 5.1% in March. Meanwhile, the final estimate of fourth-quarter annualised US economic growth was confirmed at 2.2%, in line with initial estimates but down from 5% in the third quarter.

The FTSE 100 index ended the session down by 0.58 % at 6855.02, as it is not able to sustain above the 7000 level mark. If during the day market is breaching the support level of 6830 on downside after consolidation, then it can test the level of 6770 with the reistance of 6880.

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ANGLO AMERICAN PLC

RECOMMENDATION SELL

TARGET 990

The Major trend of ANGLO AMERICAN Plc is sideways and it is showing strength for selling. If it moves below the support level then one can initiate the selling position in the stock. If it breaks the level of 1025 then it can show downside movement for the target of 990 with the stop loss of 1058.

CHART FORMATION:-

Stock is trading near its support and it is trading near the support trendline and Crossing the support will lead to downside movement. Stock is trading below the 50 and 200 DMA with negative bias.

INDICATORS:-

RSI is trading near to 34.82 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

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US Indices Edged Lower On Monday

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US Indices edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets. The Dow Jones industrial average fell 11.61 points, to 18,116.04, the S&P 500 lost 3.68 points, to 2,104.42 and the Nasdaq Composite dropped 15.44 points, to 5,010.97. In Europe, Greece was in the spotlight as Greek and German leaders meet amid tensions over Athens' bailout program. Markets, the CAC and Dax were lower but FTSE outperformed. FTSE 100 finished the session up 15.16 point at 7,037.67, surpassing the previous all-time closing high. On other side Germany's Dax 30 in particular dropping 143.53 points, to 11895.84 after reaching record highs last week and CAC 40 also lost 32.97 points to 5054.52. Asian markets are mostly lower on Tuesday, tracking the weak cues from data showed that the manufacturing sector in China, dipped into contraction territory in March. Following that the Nikkei 225 index is declining 50.52 points, to 19,703.84. Hang Seng 50 too lost 135.51 points, to 24359.00 during first half of trading session and Only SPI/ASX 200 Index is up 22.00 points, to 5,978.10.

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Market View:

Index	Value	Net Change
DAX 30	11,895.84	-143.53
FTSE 100	7,037.67	+15.16
CAC 40	5,054.52	-32.97
Dow Jones30	18,116.04	-11.61
S&P500	2,104.42	-3.68
Nasdaq 100	5,010.97	-15.44
Nikkei 225	19,732.05	-22.31
S&P/ASX 200	5,973.50	+17.36
Hang Seng 50	24,359.00	-135.51

S&P/ASX 200 Future (1 HOURLY )

SUMMARY:
 

The S&P ASX 200 is in major up trend and it has shown small correction to 5925 in last few day trading session. Now Index traded with positive biasness and gaining more strength. It is likely to show northward movement in upcoming session it can cross 6000 psychological resistance mark.
Targets of 6050 and 6150 can be seen in upcoming trading session. Support has been found at previous significant low at 5900 on intra day chart. Index futures trading with support of 50 DMA in 1 hourly charts.
 

INDICATORS: 

Indicators also supporting the same upward movement in upcoming session. As RSI is sustaining above of 50 mark. Index on intra day chart have bullish cross over of 50 DMA and 200 DMA, Which would create good buying opportunity in the stock. ADX is placed at 25 mark with +DI closed above the -DI.

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London Stock Fall From New High !

London stocks fall from new high after the fear that sooner than expected lighting in the U.S.A dragged markets lower on Friday after a forecast in US jobs report. Economic data from U.S.A of Labor Department said 295,000 non-farm payrolls were added in February, beating the consensus estimate of 235,000 despite the recent severe winter weather. The unemployment rate declined to a seven-year low of 5.5% versus estimates of 5.6% and below 5.7% in January.

The FTSE 100 index fell 0.7% to 6911.80 to close market on negative note. If during the day market is breaching the support level of 6860 on downside after consolidation, then it can test the level of 6800 with the resistance of 6900.

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RECOMMENDATION BUY

TARGET 475

UDG Healthcare Plc

FREE CHARTS & SIGNALS

The Major trend of UDG Healthcare Plc is sideways and it is showing strength for buying . If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 470 upside then it can show upside movement for the target of 475 with the stop loss of 466.

CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the trendline will lead to upside movement. Stock is trading above the 50 and 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 61.20 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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London Stocks Is High After The New Record

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Market Overview :

London stocks higher after Index managed to inch higher to a new record high on Thursday as improving economic data across Europe and positive developments in Ukraine boosted markets after a slow start.

The FTSE 100 index ended up at 0.2% to 6949.73 on the day and just 0.1 points ahead of the previous all-time closing high reached on Tuesday. If during the day market is breaching the resistance level of 6980 on upside after consolidation, then it can test the level of 7050 with the support of 6940.

RECOMMENDATION BUY

TARGET 298

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Sainsburys Plc :

CHARTS & SIGNALS

The Major trend of Sainsbury Plc is sideways and it is showing strength for buying . If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 283 upside then it can show upnside movement for the target of 298 with the stop loss of 266.

CHART FORMATION :

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

INDICATORS :

RSI is trading near to 62.99 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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GOLD Markets Fell Yesterday !

Commodity Tips FREE

GOLD:

Gold markets fell during the course of the session on yesterday, testing the $1200 level. However, this area is acting as a support so we feel that a bounce could come. Nonetheless, we don’t have any signals right now to serve buying, so quite frankly it’s only a matter of time before we get them but we have to wait. It will be safer to simply wait on what the market decides. Once it makes its move, we will follow but at that moment we are on the sidelines.

GOLD CHART

SILVER:

The silver market fell during the course of the session on yesterday, as the market continues to see bearish pressure. We feel that this market has a significant amount of support all the way down to the $15.50 level, and with that we feel that the market will sooner or later provide a buying opportunity as the buyers will re emerge. With that, we are simply standing on the sidelines and waiting for the right supportive candle on the daily chart to get involved. We do not see selling opportunities in this market.

CHARTS & SIGNALS

CRUDE:

The light sweet crude market fell during the course of the session on yesterday, as the $54 level continues offer resistance. With that, the market looks as if it’s ready to continue to consolidate going forward, and as a result a pullback to the $48 level really wouldn’t be much of a surprise. We think that the short-term market will continue to be one that will be followed, as longer-term trades will continue to be difficult. With that, the market is still negative, so we are much more comfortable shorting this market on signs of resistance.

CHARTS & SIGNALS 

Because of this, a break of the bottom of the range is enough for us to start selling, and as a result probably aiming for $48 in the short-term. However, we are not willing to buy the bounce because we know that sooner or later this market could break down and continue the bearish pressure that we have seen for so long.




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LONDON Stocks Rose To Record High !

Stock Reports & Signals

London stocks rose and Index rises to record high despite uncertainty surrounding Greece, as improving economic data in Germany and hopes for strong consumer spending in the UK gave markets a boost. German investor confidence improved for the fourth straight month, with the ZEW economic sentiment survey rising to 53 in February from 48.4 in January.

The FTSE 100 ended the day positve by 41.08 points to 6898.13. If during the day market is breaching the resistance level of 6900 on upside after consolidation, then it can test the level of 6980 with the support of 6850.

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RECOMMENDATION BUY

TARGET 1840

Easy Jet Plc

STOCK CHARTS

The Major trend of Easy Jet Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 1783 upside then it can show upside movement for the target of 1840 with the stop loss of 1740.

CHART FORMATION:-

Stock is forming inverse Head and Shoulder pattern and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 62.69 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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