Dream’s Trade Ideas by Dreamytrader

Stock Name
last Close Price Status Key Levels Desired Set-up Entry &Stop Trade Ideas Note

06-10-2013

Current Watch-list
S&P500 Index ETF (SPY) $164.80 Correcting Near-term support $163.50-$165 SPY’s bouncing from the key $160 level, and was fourth time test of its 50D MA line. Firmly above $165 could see resume of upside. AAPL’s recently price action not very charming for most people. Today’s WWDC not showing surprise. Long-term in Bullish mode. Time to take some profit for this runner. Stock needs to find support amid this scary selling situation. UPS testing the support area of $86 and fail to hold this level could see lower price as buying dried up for now. MCD’s tried to hold up again above $99ish area but volume not in charge, has to see if it can managed to go up again. LNKD sees money out flow as buyers could not push the stock back. Downside likely if support failed to hold. Market in mixed sentiment after QE comments from Fed’s Chairman Ben, that Fed could start reducing the bond buying program sooner than most people expected. Now, QE program still intact. AAPL’s latest product shows in line with expectation, current product-lines update. IOS7, Mac Pro and Itune Radio… bottom-line, no new creative ideas. Strong last earning numbers spiked NKE into all-time high and it has been a very strong retail stock among the sector. The up-trend is intact for NKE despite recent market chills. UPS is lucky and delivered a nice earning package to investors, reported EPS beat and REV in-line, reaffirmed guidance. This helped stock to stable. MCD reported EPS and REV in-line with the market, and guided very softly for its outlook. Marco environment still tough for growth but company is gaining its influence. LNKD’s BEAT both EPS and REV with strong numbers, HOWEVER, Co issued a lower guidance. As a growth company, company has little room below consensus report.

Apple(AAPL)

$438.89

Raging

$450ish area nearterm resistance.

Nike (NKE)

$63.04

Bouncing off 50D MA

$62ish lower support

UPS (UPS)

$86.35

Pulling back to test 50D MA

$86 support $90 resistance

McDonalds (MCD)

$99.53

Not in Bull

$97.50-$98ish support

LinkedIn (LNKD)

$174.09

Bouncing off support

$165ish support zone

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Boeing (BA)

$102.24

Breaking to high

$101.50 support

BA’s on rise new long entry would be strong push-through of $101.50 on volume mentioned a week ago.

Boeing’s strong earning with huge beat on EPS and REV helped stock to close higher. Proved that Dreamliner didn’t impact BA that much like people feared before. With more and more news about how housing market is recovering, HD certainly found reasons to go higher in this not so decisive market sentiment. Or, another housing bubble inflated by QE…. Financial Sector continue to be the leading sector and stocks in this sector are showing very BULLISH price action as of now. With QE in work, Financials would be benefited. GPS reported a better than expected earning and its playing come back show as its business show sign of life again. DFS had very good last earning report and its business continue to grow and competing with the V and MA. V is leading the credit card business now and its stock in good shape. Years of strong earning and growing and not showing sign of slowing down, this is what people look for as a Bull Stock.

Home Depot (HD)

$77.73

Short-term topping

$80 resistance

$74 was the desired entry for long, mentioned on earlier reports. Now is time to take some profit off the table as HD is showing sign of weakness. GS is one of the best acting Financial stock and showing strong defense price action under market pressure. It could tick higher in coming days. GPS is trying to hold higher as market in shaky mode.

Goldman Sachs(GS)

$167.49

Holding above lower range

$166ish lower support

GAP.INC (GPS)

$41.54

Trying to hold high

Isolated area.

Discover Financial. (DFS)

$49.14

Ranging

In defense mode

DFS is ready to test the high with ranging price action. Entry $49.50 with volume. Visa’s price action has been Bullish for a long time, and current breaking out of the Bullish Flag with entry of $181.

Visa (V)

$182.33

Holding up

Bull flag breaking out above $181

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