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Dream’s Trade Ideas by Dreamytrader 04-09-2013

Stock Name last Close Price

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

Current Watch-list

S&P500 Index ETF (SPY)

$156.74 Holding up $153.70 lower support. $157 upper Resistance.

SPY kept sending mixed signal to confuse people, breaking the $157 level could see higher price if the low volume uptick continue.

Market again grinding higher on lower volume throughout the day, buying carried over from yesterday. It faded against the $157 resistance. Let see if the upper range holds.

Facebook (FB) $26.59 Lost drive to recent mini-Uptrend

$25-$25.50 lower support. $27.50-$28 resistance area.

FB is still capped within range of $25-$32. $29 area is near term resistance in joint with 50D MA line. Need to take out $29 first.

Newly debuted Facebook Home phone experience and $25 support area fueled this Near term Upside move, aimed to prove its Brand.

Apple(AAPL) $423.20 Defending the Support

$420 area vital Support.

Pressure remains on downside as earning date approaches. Watch out for fake breach of vital $420 before earning.

Lack of new profitable products resulted in never-ending sell off to its stock price. Market awaits Apple to prove itself in the upcoming months with new products.

Nike (NKE) $59.88 Holding up to breakout

$60 upper level $58 lower level

It triggered a long entry at $60 but it was not able to hold above it at close. Not a failed trade yet. Depending on your risk, $59 should give near term support.

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 (UPS) $83.54 Trying to hold from going lower

$82-$82.50 lower support

Last attempt to take out resistance of $86.10 failed with low volume and now it found buyers at support of $82. Breach of $82 could see lower price.

FedEx’s last disappointing earning affected its friend UPS, in terms of selling pressure. UPS needs to deliver a good earning package to its investors.

Copyright © 2013 Dream's Trade. All Rights Reserved

McDonalds (MCD) $101.05 In steady Up-trend

$102.31 previous Resistance ahead, $99.80ish was last long entry.

If you entered long at $99.80ish at range breakout with a right stop at $98.70, you would not get shakeout at pullback. Now move the stop higher to protect profit.

Yum! Brand (YUM)’s Weakness helped MCD to step higher. MCD had been in an anti-gravity mode backed by solid sales. Noted an entry long at $92 w while ago when it broken its descending trend-line.

LinkedIn (LNKD) $172.05 Holding Up with Downside pressure.

$165.50ish area was last range support, $174ish area near term resistance.

LNKD made yo-yo style trading day. Swing around and was trying to stand above $174 but failed today. To resume up-direction, above $174 and held is key.

With earning season coming up, LNKD’s expected to give another upbeat result, stock likely to trade higher ahead of earning like last time. Dips occurred before earning could be bought, careful with shorts.

Boeing (BA) $87.22 Barely Breakout

Turned resistance into possible as it closed above $87.

BA managed to close above near-term resistance, and holding above this $87 for next few days is important for higher price.

Boeing’s business stabilized when Dreamliner’s incident resolved. That was good news that people discovered this early. Other division of Boeing’s business remains steady.

Home Depot (HD) $71.23 Tied to break higher

$71.50 area is near term resistance. Today HD failed to take out this $71.50

HD attempted to crash $71.50 and move higher, but failed this time. Volume was same as yesterday. Break above $71.50 with volume is entry long.

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….

O’reilly Automotive (ORLY)

$102.06 Two months of holding-up Basing.

$105.20 upper resistance, $100ish area lower support area.

ORLY is in a suggestive up-trend, with stock now forming a textbook classic Basing pattern. Ideal resolution would be break to upside with entry long of $105.30

Auto Industry has been recovering and its related business benefited from the trend to the upside. ORLY is one of them and stock would be higher as long as industry stays healthy.

Procter & Gamble (PG)

78.27 Holding up above previous range.

$79.20ish is near term resistance.

PG broken out from a nice tight range into all-time high. $78-$79 is a buyable range to get involved if you were not in this from lower price. $79.20’s next breakout entry.

Old fashion businesses are getting nice Up-trend in this confusing market condition. This type of defensive sectors usually got Bullish mood when market begin to forming top. Be aware of this old saying.

Current Watch-list Featured Chart: SP 500 ETF (SPY)

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