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Weekly Tech Charts & Report - Feb. 15 - by TradesAfterWork

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Via -TradesAfterWork.com
Posting this to share with our readers: (We really like these Weekly Technical Briefs by TaW)

The weekly chart of the Nasdaq Composite Index gapped up (blue circle) and closed at a new high...again. The trend has been set for sometime as you look at the climb this index has taken since March of 2020 with very few pullbacks. This is what a bull market looks like.
The S&P 500 Index weekly chart shows that this index also gapped up and reached an all new high. 401k(s) are performing well, with the portfolios of most company employees being highly correlated with the S&P 500 Index.
Finally, the Dow Jones 30 also closed at a new high, and gapped up too. All said the entire market is positive for the short, intermediate and long-term trends. This trend remains on track.

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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