Dreams Trade Ideas by Dreamytrader

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

06-03-2013

Current Watch-list
S&P500 Index ETF (SPY) $164.35 Correcting Near-term support $163.50-$165 SPYs Bearish Closing on Friday Market in mixed sentiment after QE didnt get a follow-through, instead, comments from Feds Chairman Ben, that Fed we had a Reversing day to defend could start reducing the bond buying program the downside, tricky to trade. sooner than most people expected. Now, QE program still intact. AAPLs recently price action in AAPLs recent price action is back to quit as favor of Bulls, grinding up, looks like many encouraging news about the company Bear Flag if you look in bigger became old-news. picture but zoom in to recent trading days, a near-term uptrending price action in control. Long-term in Bullish mode. Time Strong last earning numbers spiked NKE into to take some profit for this runner. all-time high and it has been a very strong Stock needs to find support amid retail stock among the sector. The up-trend is this scary selling situation. intact for NKE despite recent market chills. UPS testing the support area of $86 and fail to hold this level could see lower price as buying dried up for now. MCDs failed to build an upper range and traded below its key $99ish area and 50D MA line. Out of play for long. LNKD sees money out flow as buyers could not push the stock back. Downside likely if support failed to hold. 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)

$450.72

Holding up slowly

$450ish area nearterm resistance.

Nike (NKE)

$63.03

Bouncing off 50D MA

$62ish lower support

UPS (UPS)

$86.25

Pulling back to test 50D MA

$86 support $90 resistance

McDonalds (MCD)

$97.96

Not in Bull

$97.50-$98ish support

LinkedIn (LNKD)

$165.12

Testing support

$165ish support zone

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Boeing (BA)

$100.74

Traded higher

$101.50 Resistance

Home Depot (HD)

$79.08

Short-term topping

$80 resistance

BAs Setting up a nice range and holding up amid this uncertain market, new long entry would be strong push-through of $101.50 on volume. $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. GPS is trying to hold higher as market in shaky mode.

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. 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.

Goldman Sachs(GS)

$163.56

Ranging

$160ish lower support

GAP.INC (GPS)

$40.55

Recovering

Reclaim of the support

Discover Financial. (DFS)

$48.32

Ranging

In defense mode

DFS broken to new high once and get sold with market but still showing sign of defense. Visas price action has been Bullish for a long time, and not showing clear Bearish sign as of now. Buyable for another leg upBe careful of Fed

Visa (V)

$180.19

Holding up

In defense mode

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