Dream’s Trade Ideas by Dreamytrader

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

05-28-2013

Current Watch-list
S&P500 Index ETF (SPY) $166.30 Rally under pressure Near-term support $165 SPY needs to stay firm at high and breakout of $168 and held could see a resume of the rally. Market in mixed sentiment after last week’s 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 recent price action is back to quit as many encouraging news about the company became old-news. 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)

$441.44

Nike (NKE)

$63.28

Tried to keep downside limited Reversing

$450ish area nearterm resistance.

$62ish lower support

AAPL’s halo recently get stolen buy TSLA and AAPL’s Bear Flag looking pattern under $450 not so good.. Long-term in Bullish mode. Time to take some profit for this runner. Like to see some rest before it go higher. 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 range building under pressure as selling came in to visit. Testing 50D MA line again. Like to see upside move above $102.50 LNKD sees money out flow as buyers could not push the stock back. Downside likely if support failed to hold.

UPS (UPS)

$86.75

Pulling back

$86 support $90 resistance

McDonalds (MCD)

$101.25

Basing for range

$97.50-$98ish support

LinkedIn (LNKD)

$169.87

Testing support

$165ish support zone

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Boeing (BA)

$100.11

Traded higher

$100 area resistance.

BA’s on steady rise. Long Entry on $95.25 mentioned before. Now, $100 area showing big resistance.

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…. MON reported EPS and REV beat on its Q2 earning and raised its guidance. Stock was in leading position before the earning and best among the sector. Agricultural sector lost its leadership a while ago. Long way to go. 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.

Home Depot (HD)

$79.82

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. MON is working on a tradeable setup for the long-side. Trading against the $103-$105 range for long is doable. GPS is basing and few days of suggestive action could see a higher price. DFS broken to new high last week and get sold with market but still showing sign of defense.

Monsanto (MON)

$105.55

Ranging

$103-$105 lower support

GAP.INC (GPS)

$40.52

Ranging

IN New High MODE

Discover Financial. (DFS)

$47.67

Ranging

In New High MODE

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Current Watch-list Featured Chart: Tesla Motors, INC. (TSLA)

Copyright © 2013 Dream's Trade. All Rights Reserved