Dream's Trade Ideas 06.18.2013

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    Copyright 2013 Dream's Trade. All Rights Reserved

    Dreams Trade Ideas by Dreamytrader 06-18-2013Stock Name last Close

    Price

    Status Key Levels Desired Set-up Entry &Stop Trade Ideas Note

    Current Watch-list

    S&P500 Index ETF

    (SPY)

    $165.74 Correcting Near-term support

    $165

    SPYs standing above near-term

    key $165 area ahead of Fed, Bulls

    are back in control. Firmly above

    the $165 is key.

    Fed on FOCUS again tomorrow, people

    would be listening to his words about any

    possible change of current QE plan monthly

    purchase of $85Billion worth assets.

    Apple(AAPL) $431.77 Lower $421ish area near-

    term support.

    AAPLs bear-flag looking pattern

    resolved itself and stock traded

    lower in last week.

    AAPLs latest product shows in line with

    expectation, current product-lines update. Not

    expect

    Nike (NKE) $62.15 Try to hold

    50D MA

    $62ish lower

    support

    Long-term in Bullish mode. Time

    to take some profit for this runner.

    Stock is finding support at $62ishlevel.

    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 isintact for NKE despite recent market chills.

    UPS (UPS) $87.43 Tried to go

    high again

    $86 support

    $90 resistance

    UPS recovered from previous

    weak action and paced to take back

    highs.

    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.

    McDonalds (MCD) $99.75 Not in Bulls

    zone

    $97.50-$98ish

    support

    MCDs tried to take over $100

    again as a former leader. Having

    hard time so far.

    MCD reported EPS and REV in-line with the

    market, and guided very softly for its outlook.

    Marco environment still tough for growth butcompany is gaining its influence. Mays

    comparable same-store sales up

    LinkedIn (LNKD) $179.42 Bouncing

    off support $165ish support

    zone

    LNKD probing the high Bullish

    zone but facing pressures from

    $185 area.

    LNKDs BEAT both EPS and REV with strong

    numbers, HOWEVER, Co issued a lower

    guidance. As a growth company, company has

    little room belowconsensus report.

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    Boeing (BA) $104.08 Breaking to

    high

    $101.50 support BAs on rise new long entry was

    strong push-through of $101.50 on

    volume mentioned about two

    weeks ago.

    Boeings 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.

    Home Depot (HD) $77.19 Short-term

    support

    $76 support $74 as a former leading stock

    now in correction mode. Support is

    $76ish in line with 50D MA.

    HD would certainly benefit from a recovering

    housing market.

    Goldman Sachs(GS) $164.15 Holding

    above

    lower range

    $166ish resistance 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.

    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.

    GAP.INC (GPS) $42.34 Trying to

    print new

    high

    Isolated area. GPS held high when market was in

    shaky mood. Now it could be a time

    for GPS to set anther high.

    GPS reported a better than expected earning

    and its playing come back show as its business

    show sign of life again.

    Discover Financial.

    (DFS)

    $47.89 Ranging In defense mode DFS is ready to test the high with

    ranging price action. Entry $49.50

    with volume.

    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.

    Visa (V) $184.01 Holding up Bull flag breaking

    out above $181

    Visas price action has been Bullish

    for a long time, and current above

    the Bullish Flag it broken out with

    the entry of $181.

    Years of strong earning and growing and not

    showing sign of slowing down, this is what

    people look for as a Bull Stock.

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    Current Watch-list Featured Chart: N/A