Dreams Trade Ideas by Dreamytrader

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

05-19-2013

Current Watch-list
S&P500 Index ETF (SPY) $166.94 Charged rally Near-term support $165 SPY Printed another record high and continue to advance. Pullback seems never going to happen when people are crying for it. Restless move. AAPLs vital support of $420 again shown holding like before. I still believe in AAPL trade in a range for a foreseeable future. Long-term in Bullish mode. Time to take some profit for this runner. Like to see some rest before it go higher. UPS near its long-term resistance of $90. Clear this level could see higher price. $89 is near-term resistance needs to get cleaned. MCDs range building under pressure as selling came in to visit. Testing 50D MA line again. Like to see upside move above $102.50 LNKD tried to fill the earning gap down and get sharp rejection from that gap. Indicating people not ready to recover yet. Market rock and roll despite any confusing news and next weeks Bernanke Testimony on Wednesday, May 22nd would be key event for market about possible QE Plan change hints. AAPLs recent price action is great and everything came out after earning were good news for it. Long term picture still glooming. 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. 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. LNKDs BEAT both EPS and REV with strong numbers, HOWEVER, Co issued a lower guidance. As a growth company, company has little room below consensus report.

Apple(AAPL)

$433.25

Nike (NKE)

$65.32

Tried to keep downside limited Reversing

$420 area next support

$62ish lower support

UPS (UPS)

$88.70

Holding and Basing

$86 support $90 resistance

McDonalds (MCD)

$101.54

Basing for range

$97.50-$98ish support

LinkedIn (LNKD)

$182.35

Holding Support

$174ish support zone

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Boeing (BA)

$98.92

Traded higher

$100 area resistance.

BAs on steady rise. Long Entry on $95.25 mentioned before. Now, $100 is in striking distance.

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. MON reported EPS and REV beat on its Q2 earning and raised its guidance. Stock was in leading position before the earning and best among the sector. Agricultural sector lost its leadership a while ago. Long way to go. GPS reported a better than expected earning and its playing come back show as its business show sign of life again. DFS had very good last earning report and its business continue to grow and competing with the V and MA. V is leading the credit card business now.

Home Depot (HD)

$76.86

Reversing back

$74 support

$74 was the desired entry for long, mentioned on earlier reports. Now is time to take some profit off the table. MON is working on a tradeable setup for the long-side. Trading against the $103-$105 range for long is doable. GPS is basing and few days of suggestive action could see a higher price. DFS is breaking to new high and current buying now showing slowing down.

Monsanto (MON)

$108.38

Ranging

$103-$105 lower support

GAP.INC (GPS)

$40.96

Ranging

IN New High MODE

Discover Financial. (DFS)

$47.70

Pointing Higher

In New High MODE

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Current Watch-list Featured Chart: SP500 ETF (SPY)

Copyright 2013 Dream's Trade. All Rights Reserved