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Market Overview - May 14th,2014

|Includes: General Motors Company (GM)

www.marketlive365.com

Market Overview:-

US equity market seems to be set for making new record highs. The S&P 500 touched 1900 but could not sustain the level till closing. Nasdaq however, seems to have lost ground. The sales data released on Tuesday were not up to the mark but the overall sentiment in the market seems to be bullish. With Producer Price Index data due on Wednesday the bullish sentiment in the market is expected to continue at a good pace.

Stock in FOCUS: GENERAL MTRS CO

RecommendationBuy above $35.40

Target: $37.25

STOCK SUMMARY:-

General Mtrs Co is overall in consolidate trend and is sustaining at lower levels on charts. Traders

can buy the stock above the level of $35.40 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 $37.25.

CHART FORMATION

Stock is in overall consolidate trend and price is making inverse Head and Shoulder pattern on

daily intraday chart which would result into bullish rally. Near term breach of resistance level of

$35.40 is expected, which would result into further bullish sentiment in the stock to test the levels

of $37.25.

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 %

Everyday Health

13.92

15.52

Power Secure International

07.19

09.10

Castlight Health CI B

14.76

08.85

Rackspace Hosting

29.88

08.54

Installed Building Products

13.75

08.10

BEARS OF THE STREET (NYSE)

Name

Close Price ( $ )

Change %

Highe One Holdings

05.51

14.04

Cheetah Mobile ADS

12.51

13.72

ExamWorks Group

31.21

11.59

Daqo New Energy ADS

33.41

11.57

Continental Building Products

14.72

10.30

www.marketlive365.com

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