Technical Analysis on Stocks With Potential

Saturday, December 18, 2010

Not Many Trades This Week: Weekly Recap & Major Indices

Video:
A very busy week for me outside of trading. A lot of things happening including finishing the lectures portion of school, leaving my job on campus and in the town, and finding an apartment over where my internship will be. Busy busy.

Only one trade this week. I kept the stop tight and went in with big size. Solid trade and good intuition during the trading day. Good reminder that past watch lists can and will still be in play a week or more after appearing.


Major Indices:
The indices are looking pretty good. The RSI are all > 50 and they continue to claw higher.

INDU: Looking good nice steady move this week. Joined the S&P and Dow in breaking the early November highs.
SPX: Heading higher.
COMPQ: Looks similar to the rest.



Stay warm and have a legendary weekend!

N_T

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