Dream’s Trade Ideas by Dreamytrader 04-15-2013

Stock Name last Close Price

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

Current Watch-list

S&P500 Index ETF (SPY)

$155.12 Up-trend under pressure

Near-term resistance is $160$153.50 lower support.

SPY made second serious bleeding down day since Fed 25th,13. SPY worked its way up before, and many small drops didn’t stop market go higher, would this time be different on recovery?

World Equities Market under pressure, SPY opened lower early morning and sold off sharply, impacted by commodity market’s panic selling, led by Gold, biggest two-day drop in 30 years. Boston bomb attack also weighted.

Facebook (FB) $26.52 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 again shown weakness price action, long traits were short-lived.

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) $419.85 Dropping $420 area vitalSupport.

With current Bearish moods in control, $420 level seems not able to hold till the earning, likely another down day for AAPL tomorrow. Be-aware of fake breach.

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) $59.67 Pullback with the market

$58 lower level support.$61.50 small resistance.

NKE is now out of short-term play for upside as Market under pressure. Long-term still in Bullish mode.

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) $82.41 Looking to go lower

$82-$82.50 lower support

UPS is setting up chart pattern for lower price level, strong downside close with volume. Likely to see lower price with entry at open tomorrow.

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) $102.15 In steady $100 level, key If you entered long at $99.80ish at Yum! Brand (YUM)’s Weakness helped MCD Copyright © 2013 Dream's Trade. All Rights Reserved

Up-trend mental support area.

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

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) $175.37 Failed to go higher, and pulled back

$170 level area now next support.

LNKD failed to make another up-day and pulled back into the range, killed Friday’s gain. Volume was higher. Warning sign to watch for.

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) $86.77 First big drop lately

$86 lower support.$90 would be mental resistance.

BA pulled back with the market, still holding at higher end.

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) $72.23 Killed Friday’s gain

$71.40 lower support.

HD lost Friday’s impressive gain as whole market in the selling mode. Pressure overhead.

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)

$99.99 Breakout attempt failed

Breach of $100 level occurred.

ORLY should be exited for short-term range breakout play. Long-term still looking ok.

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)

$79.65 Touched high and retreated

$79ish is current support.

PG was doing well and not losing much gain compared to the market and other stocks.

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

$55ish is now lower support.

EBAY fell back below its long entry. Sharply pulling-back. Current upside play must be stopped. Long-term still looking good.

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

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Cummins (CMI) $109.75 Testing support

$109 is near-term support.

CMI fell sharply with volume. Chart Pattern is suggesting lower price to come with entry of $109, likely at tomorrow’s open for a sell follow-through day.

The making-goods sector is not something very stable and not a defensive sector when economic shows mixed signals. When market begin to topping out, these type of lagging stock fall first.

Schlumberger (SLB) $71.89 Breach of support

$70 near-term support.

Tomorrow’s open would be a shortable entry for the selling follow-through day.

OIH Oil service under pressure lately, SLB’s business was ok.

Current Featured Chart: Gold ETF (GLD)

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