Dreams Trade Ideas by Dreamytrader

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

05-29-2013

Current Watch-list
S&P500 Index ETF (SPY) $165.22 Rally under pressure Near-term support $163.50-$165 SPY under serious selling pressure as fearful sentiment mounting around the global. Market in mixed sentiment after last weeks QE comments from Feds Chairman Ben, that Fed could start reducing the bond buying program sooner than most people expected. Now, QE program still intact. AAPLs 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. LNKDs 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)

$444.98

Nike (NKE)

$62.93

Tried to keep downside limited Reversing the trend

$450ish area nearterm resistance.

$62ish lower support

AAPLs halo recently get stolen buy TSLA and AAPLs Bear Flag looking pattern under $450 not so good.. 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. MCDs range building under pressure as selling came in to visit. Upside looking not likely as stock struggling to stay high. LNKD sees money out flow as buyers could not push the stock back. Downside likely if support failed to hold.

UPS (UPS)

$86.34

Pulling back

$86 support $90 resistance

McDonalds (MCD)

$99.05

Losing basing ability Testing support

$97.50-$98ish support

LinkedIn (LNKD)

$168.02

$165ish support zone

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Boeing (BA)

$99.12

Traded higher

$100 area resistance.

BAs fly impacted by market sentiment. Long Entry on $95.25 mentioned before. Now, $100 area showing big 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. MON is testing support zone and longs not desirable for now.

Boeings strong earning with huge beat on EPS and REV helped stock to close higher. Proved that Dreamliner didnt 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)

$79.53

Short-term topping

$80 resistance

Monsanto (MON)

$105.43

Ranging

$103-$105 lower support

GAP.INC (GPS)

$39.37

Breaking down

Breach of shortterm support

GPS is losing ground for now. Could test lower price.

Discover Financial. (DFS)

$47.49

Ranging

In defense mode

DFS broken to new high last week and get sold with market but still showing sign of defense.

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Current Watch-list Featured Chart: Financial ETF (XLF)

Financials is defending the selling pressure and best sector out there.

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