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Weekly Tech Charts & Report - March 14 - by TradesAfterWork

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Posting this to share with our readers: (We really like these Weekly Technical Briefs by TaW

The daily chart of the Nasdaq Composite Index shows that the price of the index is below its 50 day simple moving average. Currently the Nasdaq Composite Index is the weakest of the 3 major indices.
The Composite, on its weekly chart, is still below its 10 week moving average. We have not seen this since the beginning of this bull run that began in March of 2020. The Index will need to trade above its 10 week moving average in order to continue its positive short and intermediate-term trend.
The Dow Jones 30 weekly chart shows that it is the strongest of the 3 major indices. The price, which is reflected by a large candle stick, shows that there is a big demand for the large, industrial stocks.

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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