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Dream’s Trade Ideas by Dreamytrader 04-12-2013

Stock Name last Close Price

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

Current Watch-list

S&P500 Index ETF (SPY)

$158.80 Up-trend pullback

Near-term resistance is $160 $157.30 lower support.

SPY opened lower early morning but worked its way to keep the downside limited. Reasonable to see some rest.

Market under pressure before the open, renewed never-ending worry about Europe and weak JPM and WFC earning weighted. Both banks missed on Rev. Bad retail numbers counted also. Overall, market is stable.

Facebook (FB) $27.40 Upside power lost

$25-$25.50 lower support. $29 resistance area.

FB is still capped within range of $25-$32. $29 area is near term resistance and FB lost steam today with general market. It slashed yesterday’s gain.

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. FB’s price action very choppy.

Apple(AAPL) $429.80 Dropping lower toward the support

$420 area vital Support.

Bears were kept toying Bull’s hope in Apple’s stock, all bounces happened in Apple turned out a short set-up since last 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) $60.58 Pullback after follow-through day

$60 lower level support. $61.50 small resistance.

NKE pulling back to the where it broken-out from. Have to see how it holds the level.

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) $84.32 Trying to hold from going lower

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

Another stock was not receiving buying interest as Market advanced. Not good. 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) $103.59 In steady Up-trend

$103.70 New historical high or unlimited upside to come.

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) $185.39 All-time high.

$184 would be the new support area. No resistance ahead.

LNKD closed above $184 level of resistance. Powerful close today, looking for follow-through Monday. Nice move since it cleared $174 area, noted in previous reports.

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) $88.89 Slowing down on moving-up.

$87 lower support. $90 would be mental resistance.

BA faced some upside headwind on recent two days. $90ish level is mental resistance near-term. Still holding up well.

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) $73.65 Breakout follow-through day

All-time high and no resistance ahead, upside unlimited.

HD received Upgrade which helped stock at act Bullish after yesterday’s poor textbook-type breakout, almost failed to hold.

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)

$103.13 Breakout attempt failed again

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

ORLY triggered an entry long at $105.30 and failed miserably yesterday. From the trade point, breakout fail but not ready to exit.

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)

$80.09 Touched high and retreated

$79ish is current support.

PG kept in search of new high price area. Triggered entry long at $79.20. Uptrend under some pressures but it is still intact.

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) $57.31 Below breakout entry

$57ish is now support

EBAY fell back below its long entry. This showing low-commitment from both long-side and short-side.

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: Gold ETF (GLD)

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