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Dream’s Trade Ideas by Dreamytrader
last ClosePriceStatus Key Levels Desired Set-up Entry &Stop Trade Ideas Note
S&P500 Index ETF(SPY)$168.93 Rally underpressureNear-termresistance $170
steady rise facing pressurefrom $170 mark. It looks like weneed more time to work off thisrange.Market on steady rise and pace slowing
down. So far the major companies’ earning are
mixed and pressuring the market. Lacking of catalyst to give a big shot.Apple(AAPL) $438.50 Earning $420ish area near-term support.
needs to hold the earninggap if it wants to test the $460. Stillnot safe from filling the gap yet.AAPL as expected, reported a dull earning,CEO Cook defended Apple but still company isslowing down even it is making big money.People wish to see new products later thisyear.LinkedIn (LNKD) $203.98 Breakingout again $200ish supportzone
stock wants go higher.Price action suggesting the path.LNKD could go higher and well above $200with a firm earning report. I am bullish intothe earning.Boeing (BA) $106.70 Recovered $105ish support BA needs some time to work onearning.
earning was good and strong butguided future below the street consensus,somehow people chose to take a break on thisflying monster.GAP.INC (GPS) $45.63 Breakingout$45ish support GPS broken out today and entry on45.50, mentioned before, manytimes. Looking for follow-throughtomorrow.GPS is expect another quarter of solid earninggrowth. Good for stock. A bullish stock.Discover Financial.(DFS)$50.36 Failed toholdPower leaking DFS chose to sell off after earningbeat and today had anotherunsuccessful trading action. Notgood.DFS beat on both EPS and REV as expectedand stock not showing what it deserved to be.