Technical Analysis on Stocks With Potential

Sunday, January 16, 2011

Earnings Week: Major Indices and Weekly Recap

Welcome to QuickTrades.

Still holding one of the three BAC calls I had. Gonna be a big winner this coming week. Otherwise decent trades this week still holding CRIS over the weekend.

Major Indices:
Very strong RSI values > 70. Watch out at these overbought levels. We may sustain them for a while but they will eventually drop back between 70 and 30.

INDU: Great support at these levels.
SPX: Volume increasing nice moves last week. Like the shallow pullbacks.
COMPQ: Nice gaps this week. Could become exhaustion gaps if earnings miss.



Have a great weekend! Go Seahawks! :) Good job Pack

N_T

3 comments:

  1. Why was market closed on Monday?

    ReplyDelete
  2. Great question!

    The market was closed Monday for Martin Luther King day.

    ReplyDelete
  3. Thk, NT.
    I should have known that.

    ReplyDelete

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