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Market Outlook May 16th,2014

|Includes: Comcast Corporation (CMCSA)

ww.marketlive365.com

Market Overview:-

US equity market seems to have returned back to fear and exit time. Days after hitting new highs bears have captured the market to set a sell off at higher levels. There is a cumulative effect of global imbalance of Russia and Ukraine combined with US and European economic data. Overall the stocks seem to have formed a ceiling which is difficult to break in the near term. Housing data is due on Friday which is expected to favor bears in the street.

Stock in FOCUS : COMCAST CORP NEW

RecommendationBuy above $50.50

Target $53.50

STOCK SUMMARY:-

Comcast Corp New is overall in consolidate trend and is sustaining at lower levels on chart.

Traders can buy the stock above the level of $50.50 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 $53.50.

CHART FORMATION

Stock is in bullish trend for near term and price is taking support from trend line with the

formation of bullish engulfing candle on daily intraday chart. Near term breach of resistance level

of $50.50 is expected, which would result into further bullish sentiment in the stock to test the

levels of $53.50.

INDICATORS:-

RSI is trading with positive bias and in MACD signal line is taking support of zero level which is

indicating the initiation of bullish sentiment in the stock.

BULLS OF THE STREET (NYSE)

Name

Close Price ( $ )

ChangZendesk

Zendesk

13.43

49.22

Kindred Healthcare

24.32

10.95

Vipshop Holdings ADS

164.46

09.64

Skilled Healthcare Group CI A

05.71

09.18

Nimble Storage

24.90

09.11

BEARS OF THE STREET (NYSE)

Name

Close Price ( $ )

Change %

NQ Mobile ADS

07.27

28.93

Higher One Holdings

03.81

24.85

TAL Education Group ADS

20.22

19.63

Doral Financial

02.70

17.93

National Bank of Greece ADS

02.90

16.18

www.marletlive365.com

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