Dreams Trade Ideas by Dreamytrader

Stock Name
last Close Price Status Key Levels Desired Set-up Entry &Stop Trade Ideas Note

04-28-2013

Current Watch-list
S&P500 Index ETF (SPY) $158.24 Aiming for new high Near-term resistance is $160 $153.50-$154 lower support. SPYs buying momentum show sign of slowing down near the alltime high. Its Friday, people booked some profit and reduce the risk of holding through weekend. Apple is expected to have a range after this slightly beat earning. Rally could get faded if buying dried up after attacking $420. SPY is setting up a possible Bearish pattern on Double Top, It is still possible that market rest and pop again. Bullish tone blended with Bearish signs. Sell in May and go away, could happen, for reminder AAPL beat EPS and REV, but guided lower for next Q. Hiked divided to $3.65and powerup share buyback plan to 60B from 10B to boot stock price. No big new products Until fall to 2014. 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 is lucky and delivered a nice earning package to investors, reported EPS beat and REV in-line, reaffirmed guidance. This helped stock to stable.

Apple(AAPL)

$417.20

Rallied to test $420

$420 area upper resistance. $362 area next support.

Nike (NKE)

$61.89

Grinding higher

$60ish lower support

Long-term still in Bullish mode intact but short-term headwinds for upside causing the slow movement.

UPS (UPS)

$85.71

Earning gap-up

$86 upper resistance $82-$82.50 lower support

UPS gap-up and held near the high end of its two months of narrow range. We could see a breakout on upside if price action showing buying interest. MCD broken its up-trend line which obeyed since Jan,13. People digesting its post-earning hangover. Choppy to trade.

McDonalds (MCD)

$100.89

Resting the uptrendline

$97.50-$98ish support

MCD reported EPS and REV in-line with the market, and guided very softly for its outlook. Marco environment still tough for growth but company is gaining its influence.

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LinkedIn (LNKD)

$187.76

Pulling back to retest of support.

$182-$185 area near-term support.

LNKD failed to stay above the new high area, but the price action still suggesting that Buyers are still in control but Sellers are gaining powers now. BAs next project is Holding the earning gap into near-future and forming a range is ideal before next entry long. HD shown strength as market is losing balance. But with current bearish mood in control, HD would slow down in upside move. A range is forming above $72.

LNKDs earning is coming up as earning season is heating up. Price action was mixed but overall, LNKDs bull defended stock and recent price action shown buying interest ahead of earning. Boeings strong earning with huge beat on EPS and REV helped stock to close higher. Proved that Dreamliner didnt impact BA that much like people feared before. 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.

Boeing (BA)

$93.00

Trying to go higher.

$89-$91 lower support area.

Home Depot (HD)

$73.35

Trying to hold high

$71.40 lower support.

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Current Featured Chart: Financials Sector SPDR ETF (XLF)

XLF was a lagging sector week ago, and this week surged, with expectation from ECBs possible central bank rate-cut to another historical low. DFS and TRVs earning beat also helped XLF to rally. I believe XLF is setting up from a pullback and to retest the low of $18. Next week, market could be in a state of stall because many important Economic data are set to release and Rate decision from Fed and ECB. A market-wide sell off could happen if people are in risk-off mode, they want to stay at sideline.

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