Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Market Overview - May 13th,2014

|Includes:Facebook (FB)

marketlive365.com

Market Overview:-

US equity market made record high on Monday. Dow Jones Industrial Average ended 16695.47 adding up 0.68% and S&P 500 Index ended up at 1896.5 gaining 0.97%. To the surprise out of the falling Technology stocks Nasdaq ended up at 4143.86 adding up 1.77% to the index. Investors are now eying on retail sales data due on Tuesday to continue with the bullish sentiment.

Stock in Focus: FACEBOOK INC

RecommendationBuy above $60.00

Target $62.50

STOCK SUMMARY:-

Facebook Inc is overall in bullish trend and is sustaining at higher levels on charts for near term.

Traders can buy the stock above the level of $60.00 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 $62.50.

CHART FORMATION

Stock is in overall bullish trend and price is taking support from trend line on daily intraday chart

which is supporting bullish rally. Near term breach of resistance level of $60.00 is expected,

which would result into further bullish sentiment in the stock to test the levels of $62.50.

INDICATORS:-

RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which

is supporting the bullish sentiment in the stock.

BULLS OF THE STREET (NYSE)

Name

Close Price ( $ )

Change %

Doral Financial

03.76

24.50

Castlight Health CI B

13.56

17.50

Autohome ADS

34.35

16.92

Pinnacle Foods

34.47

13.20

Bitauto Holdings ADS

38.99

12.88

BEARS OF THE STREET (NYSE)

Name

Close Price ( $ )

Change %

Core Laboratories

167.02

11.68

Bridgepoint Education

14.51

08.86

Federal Agriculture Mortgage CI C

32.66

07.82

Standard Register

05.79

05.39

Emergent Biosolutions

21.52

05.32

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: FB