Another simple week for me. Not a whole lot going on.
The BAC calls turned out to be an awesome swing. Still holding onto one. In the total I took the BAC gain and multiplied it by 2/3 since I only sold two of the three calls. Too bad paper but it's all in learning.
Major Indices:
Overall the three big players are looking good. RSIs are still greater than 50 and the trend is up.
INDU: Good dip buying on Friday. It was also great to see the volume returning this week. What a relief.
SPX: Confirmed support from old resistance.
COMPQ: Still above the 18 EMA. Looks good the dips are being bought. Nice gap coming into the week. (green circle)
Disclosure: I have no positions in any stocks mentioned here at the time of writing.
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