Dreams Trade Ideas by Dreamytrader

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

04-25-2013

Current Watch-list
S&P500 Index ETF (SPY) $158.55 Aiming for new high Near-term resistance is $160 $153.50-$154 lower support. SPYs buying momentum show sign of slowing down after 5 days of winning streak since the low of $154 area. Bullish tone is here. Price action is with Buyers now. Apple is expected to have a range after this slightly beat earning. Stable with current $400 level. Upside very limited as of now. Any rally could be a shortable entry. Long-term still in Bullish mode intact but short-term headwinds for upside causing the slow movement. SPY is setting up a possible Bearish pattern on Double Top or Head and Shoulder, however, it is still possible that market rest and pop again. Bullish tone blended with Bearish signs. 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)

$408.50

Not doing much

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

Nike (NKE)

$62.08

Grinding higher

$60ish lower support

UPS (UPS)

$85.44

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)

$100.94

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)

$187.87

Failed to stay above the new high. Holding up after earning gap

$180-$183 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. CMI pull-back to retest where it broken down. Not an ideal short for now as buyers were able to push stock higher. WHR needs to digest the earning and avoid for now.

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. 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. WHRs earning was good but not welcomed by the market. Needs time to digest the news.

Boeing (BA)

$91.67

$88.50 lower support.

Home Depot (HD)

$73.37

Trying to hold high

$71.40 lower support.

Cummins (CMI)

$112.16

Breaking down retest

$115 upper resistance.

Whirlpool (WHR)

$117.37

Earning shake.

$112 support.

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Current Featured Chart: Johnson & Johnson (JNJ)

When you go over charts of SP500 stocks, you found names like JNJ, doing much better than other Hot-sector names, Sometimes, profit-making stocks are from boring sectors. Also, when boring defensive stocks are doing well, usually people see tough Economic conditions. Do you believe that our economy is improving?

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