Another Light Volume Week Ahead: TA on the Major Indices and Stocks for Monday

In this post I will combine the typical Saturday information with the Sunday stock watch. There were no trades last week so it will consist of technical analysis on the major indices and stocks for Monday, enjoy.

Major Indices:
All three have RSI above 50 and in some cases 70. Watch out for the > 70 area though because that can signal an overbought condition.

INDU: Low volume last week but that's to be expected this time of year. Expect similar volume this coming week.
SPX: Steady climb last week.
COMPQ: Candles don't have as large bodies as they did earlier this month but nonetheless the index continues to go higher.

Stocks:
NTWK: Keep an eye on $2 area.

OMEX: Not the greatest volume but it continues to push higher.
URG: Breaking out higher

DRYS: Consolidating watch for its next move.


Thanks for visiting Quicktrades, as always keep an open mind and stick to your plan.

Disclosure:I have no positions in any stocks mentioned here at the time of writing.