Trade Recap for the Week and TA on Indices

Nice week-no paper trades all real.

It appears when money can be made relatively easy that that is the time the market reverses. :) I wasn't caught in Friday's downturn but it was just a thought I had. Overall good trades.

Major Indices:
All three portray their own story. The Dow and S&P still have RSI values above 50, while the Nasdaq is under. All three had pullbacks on Friday we will look for continuation in one direction or another next week. There was also good volume Friday as well.

INDU: Nice pullback Friday still holding 18/20 EMA level. Looks great.
SPX: Still holding above level annoted on last weeks chart.
COMPQ: Still holding levels mentioned last week. Pretty deep pullback looks the worst of the three.

Packers: This Weeks Trades as well as TA on the Major Indices

Yes I'm still psyched the Packers won. Good stuff.

This week I finally sold the remaining BAC call for a big win. It was up further but I wanted to be sure I didn't miss out if it was going to continue higher so I just raised my stop every time it climbed. Other than that the other trades were so-so. The CAT calls I picked up were up much more but I didn't want to tighten the stops up so much. I'll get my timing right eventually.

Major Indices:
Great volume this shortened week due to Monday's Martin Luther King Day. The RSI values are still holding 50 but some are close to going under.

INDU: Nice bounce off 11715 area Thursday. Good support.
SPX: Starting to slow down 1278-1281 support area.
COMPQ: Looks the worst of the three. Breaking through the 16 EMA-Interesting.

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

Long Until I'm Wrong: Recap on the Week & TA on the Majors

Video:
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.

Good Volume to Kick off 2011

Great day. Sorry about sound my mic wasn't put down. :) You may have to turn up the volume a little.

Video:


Recap:
1)Good news propelled BAC higher today.After several weeks I decided to sell two of the three BAC calls I have been holding. Sold BAC Jan 12.5 Call at 1.51 for a gain of 1.13 or 297% gain. (paper)
2)After wanting to pick up X calls for about the last week I finally stepped forward. Went in the Jan 67.5 strike (correction from video. I said 62.5 in the vid-long day what can I say) at .49. This thing nearly doubled so I moved my stop up and was taken out at .62 for a .13 gain or 26.5%

Stocks:
PMI: Breaking out of formation.

2011: Stocks on Monday

If you didn't check out yesterday's post it was the one year anniversary of QuickTrades!


Stocks:
AXAS: Breaking out here decent volume.

FTK: I believe if market is strong tomorrow, keep on eye on this one.
WEBM: Looks ok.

FEED: Watch $3 area.
URZ: These metal stocks are still popping up in the scanner watch $4 cross.

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.

Today Marks 1 Yr of Quick Trades: Weekly Recap and TA on Major Indices

Thanks for visiting QuickTrades. Today, this blog has been around for officially one year.

Another simple week here. It will probably continue to be like this because of the internship. Sorry for any inconvenience.

Major Indices:
Pretty quiet end to 2010. The indices didn't do much this week. RSI values continue to stay above 50.

INDU: A lot of dojis in this tight range.
SPX: Stinky volume this week but its been like that the last two weeks.
COMPQ: Worked off overbought conditions this week.

Disclosure:I have a position in BPOP otherwise no positions in any other stocks mentioned here at the time of writing.