Dreams Trade Ideas by Dreamytrader

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

04-18-2013

Current Watch-list
S&P500 Index ETF (SPY) $154.14 Defending lower support Near-term resistance is $160 $153.50-$154 lower support. A breach of $154-$153.50 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. FB is still capped within range of $25-$32. $29 area is near term resistance and FB again shown weakness price action. Out of play now until next set-up come up. Apple had a downside followthrough day, yesterdays selling carried over, $398 was entry to short. 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. Be careful of this downside break. 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. FBs price action very choppy. Lack of new profitable products resulted in never-ending sell off to its stock price. Investors got a preview about Apples earning, CRUS the supplier has high inventories. Apples upcoming earning not looking well. 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. FedExs 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.

Facebook (FB)

$26.52

Giving up upside power

$25-$25.50 lower support. $29 resistance area.

Apple(AAPL)

$392.05

Bloody Breakdown

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

Nike (NKE)

$60.18

Holding support

$58 lower level support. $61.50 small resistance. $82-$82.50 lower support

UPS (UPS)

$82.38

Looking to go lower

Stated NKE is now out of shortterm play for upside as Market under pressure on yesterdays note. Long-term still in Bullish mode. 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.

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McDonalds (MCD)

$101.91

Downward pressure

$100 level, key mental support area. $170 level area now next support.

Short-term play for MCD should be avoided, earning due tomorrow. Today it had flash selling and reversed. Tough to trade. LNKD pulling back deeper as market sentiment is getting Bearish. Recent price action was warning traders on the long-side. BA pulled back with the market, still holding at higher end. Now BA is out of play for the short-term as upside facing headwinds. HD shown strength as market is losing balance. But with current bearish mood in control, HD would slow down in upside move. EBAY fell after bad earning. Very hard to define the Ebay trade for now, avoid for now and shorting on fresh weakness might be useful. Bigger picture still ok for long. CMI fell sharply with volume. Chart Pattern is suggesting lower price to come. Short entry was $109 as noted on earlier. SLB is a short trade but entry was mixed. Not easy one unless give a large room for stop.

MCD reports tomorrows open, and result would be used to guide the next trading setup. LNKDs earning is till two weeks away and price action would be more choppy as its earning days come up. Not going to be easy when market is under pressure. Boeings business stabilized when Dreamliners incident resolved. That was good news that people discovered this early. Other division of Boeings business remains steady. 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 beat on earning and missed on Rev, reported yester. Outlook fell short of expectation. Investors rebalancing their positions from now on. 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. OIH Oil service under pressure lately, SLBs business was ok. Energy sector under pressure. Earning tomorrow open.

LinkedIn (LNKD)

$173.81

Failed to go higher, and pulled back

Boeing (BA)

$86.12

Pulling back to test support

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

Home Depot (HD)

$72.48

Trying to hold high

$71.40 lower support.

Ebay (EBAY)

$52.82

Falling

$51ish is now lower support.

Cummins (CMI)

$106.02

Breaking down followthrough Breach of support

$110 area upper resistance.

Schlumberger (SLB)

$71.00

$70 near-term support.

Current Watch-List Featured Chart: Apple Inc. (AAPL)

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Copyright 2013 Dream's Trade. All Rights Reserved