Dream’s Trade Ideas by Dreamytrader

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

07-11-2013

Current Watch-list
S&P500 Index ETF (SPY) $167.04 Attempted rally Near-term resistance $170 SPY’s now on pace to take its $170. I am worried that many stocks reversed its course to downside since the open. It could be people who got trapped tried to get out or just not confident enough. AAPL’s now above $423, mini uprun starts from here. Long-term in Bullish mode. Waiting for new entry if you are in this stock before. UPS is enjoying a nice up-run, which it didn’t happen for the past two months. Price action shown small pressure. Could see a range from here. LNKD probing the high Bullish zone on paced to make new high Market get a comforting message from the Fed, which hints it would not take early taper as expected by many. Market cheered.

Apple(AAPL)

$427.29

Attempted mini rally Try to hold 50D MA Charged rally seeing headwind

$400ish area nearterm support. $62ish lower support $90 support

AAPL really need some game-changing plan to boost the stock price. The up-trend is intact for NKE despite recent market chills. UPS got a boost from its peer FDX, which having a rumor that Bill Ackman, Hedge Fund manager is building a position on FDX. I still believe that UPS needs a real catalyst to sustain the move. LNKD supporters not getting out.

Nike (NKE)

$63.72

UPS (UPS)

$91.45

LinkedIn (LNKD)

$196.57

Recovering $185ish support zone

Boeing (BA)

$106.88

Breaking

$104ish support

BA’s on rise new long was $104 mentioned before

Boeing’s strong earning with huge beat on EPS and REV helped stock to close higher. Defense income also making BA strong, alone with other Defense companies like UTX and LMT.

Copyright © 2013 Dream's Trade. All Rights Reserved

GAP.INC (GPS)

$44.76

print new high

Isolated area.

GPS held high when market was in shaky mood. GPS now on list of strong stock. Probing higher. DFS is ready to test the high with ranging price action. Entry was $49.50 with volume. Visa’s price action has been Bullish for a long time, while it is Longterm intact, short swing is normal. Price action for the entire banking group is not inspiring and sign of caution ahead of next week’s banking sector earning show.

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. Banking sector earning shown is about to begin.

Discover Financial. (DFS)

$50.35

Breaking

In defense mode

Visa (V)

$189.96

Bouncing

Pulling back from new high

Wells Fargo (WFC)

$41.89

Pulling back

Back to range

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Copyright © 2013 Dream's Trade. All Rights Reserved

Current Watch-list Featured Chart: N/A Today’s market on party mode, and we have good chance to go higher. However, the quality of this pop was not strong, with many quality stocks reversed its course after the strong opening. Some managed to close on their high of the day while many turned red. I like to see more encouraging price action. We are up for many days and now previous high is resistance that we must pass. For safer plays, stay with strong stocks. Stocks like NFLX and AMZN are extended and no a good place to jump in.

Copyright © 2013 Dream's Trade. All Rights Reserved

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