Copyright © 2013 Dream's Trade. All Rights Reserved

Dream’s Trade Ideas by Dreamytrader 04-17-2013

Stock Name last Close Price

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

Current Watch-list

S&P500 Index ETF (SPY)

$155.11 Up-trend under pressure

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

A breach of $154 with volume, would trigger a short entry for the market, when people freak out and panic to sell. VIX the fear index could spike higher.

SPY is setting up a Bearish pattern, which spotted by many seasoned people in the market, when pattern is clear, the more danger it becomes. Why? They know how to play the pattern.

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. Out of play now.

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) $402.80 Breakdown $420 area upper resistance. $362 area next support.

Apple lost its ability to hold the vital $420 level and short-sellers stepped in to smash the Bulls. $419 was entry for short when you see higher volume compared to before.

Lack of new profitable products resulted in never-ending sell off to its stock price. Investors got a preview about Apple’s earning, CRUS the supplier has high inventories. Apple’s upcoming earning not looking well.

Nike (NKE) $60.90 Probing higher

$58 lower level support. $61.50 small resistance.

Still think “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) $82.52 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 breach of $82 with volume.

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. IYT ‘s chart is setting up for lower price as Bearish price action start to mount.

Copyright © 2013 Dream's Trade. All Rights Reserved

McDonalds (MCD) $102.54 In steady Up-trend

$100 level, key mental support area.

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) $179.97 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 yesterday’s gain. Volume was average. 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) $86.69 Pulling back to test support

$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) $72.80 Trying to hold high

$71.40 lower support.

HD shown strength as market is losing balance. But with current bearish mood in control, HD would slow down in upside move.

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….

Ebay (EBAY) $56.10 ($54.63 after-hour)

Falling back.

$55ish is now lower support.

EBAY fell after market when earning reported, very choppy to define the Ebay trade, avoid for now and let it digest the report for few days.

EBAY beat on earning and missed on Rev, reported after market close. Outlook fell short of expectation. Investors rebalancing their positions from now on.

Cummins (CMI) $108.01 Breaking down

$110 area upper resistance.

CMI fell sharply with volume. Chart Pattern is suggesting lower price to come. Short entry was $109 as noted on previous post.

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) $70.97 Breach of support

$70 near-term support.

SLB is a short trade but entry was mixed. Not easy one unless give a large room for stop.

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

Current Watch-List Featured Chart: Apple Inc. (AAPL) and JP Morgan Chase& Co (JPM)

Copyright © 2013 Dream's Trade. All Rights Reserved

Copyright © 2013 Dream's Trade. All Rights Reserved

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