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Dream’s Trade Ideas by Dreamytrader 04-10-2013

Stock Name last Close Price

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

Current Watch-list

S&P500 Index ETF (SPY)

$158.67 Breakout to new all-time high

No upper resistance. $157.30 lower support.

SPY broken to new historical highs. Volume was higher than past few days.

Market encouraged by Fed’s commitment and bullish sentiment around the world. With earnings to come in upcoming weeks, the market faces the test again.

Facebook (FB) $27.57 Regained some upside power

$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.

Facebook rolled out another Ad service that helps business to get more precise targeting ability, this plan welcomed by the market as another positive catalyst after Facebook Home.

Apple(AAPL) $435.69 Defending the Support and bounced

$420 area vital Support.

Bulls felt relief today as AAPL backed away from its vital support with some power, closed up strong with the market.

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) $60.29 Barely Broken out

$60 lower level. It triggered a long entry at $60 yesterday, but It was not able to close above it. Today it closed above it barely. Pointed to upside.

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) $84.56 Trying to hold from going lower

$86 serious resistance, $82-$82.50 lower support

Trying to regain the loss. Still in danger even it made big move today. 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.

McDonalds (MCD) $101.49 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.

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LinkedIn (LNKD) $177.31 Holding Up $165.50ish area was last range support, $174ish area near term resistance.

LNKD closed above $174 level and next few days would be important for it. The key is not to give back.

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)

$103.50 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)

$79.24 Holding up above previous range.

$79ish is current support.

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.

Ebay (EBAY) $57.30 Attempted to breakout

$57ish is area of resistance

EBAY stepped higher to battle the $57ish area as Bears defense zone, if market’s sentiment kept going, we could see a breakout with entry of $57.45

EBAY is doing well at this highly competitive online business field. Many good ideas like Ebay Now looks promising to the investors.

Current Featured Chart: Panera Bread (PNRA)

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*On yesterday’s featured chart. I made error by saying SPY had low-volume on down days. It should be low volume on up days. Sorry for the error.

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