Send me real-time posts from this site at my email

Weekly Tech Charts & Report - Nov. 29 - by TradesAfterWork

Subscribers Special Report

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

For the third week in a row, the weekly chart of the Russell 2000 Small Caps (IWM) continues to gap up. I also saw a bid in Mid-Cap Growth stocks this week. You cannot argue with price. The buyers are out there.
The weekly chart of the Nasdaq Composite Index shows the PPO is negative, but still above its zero line, demonstrating some weakness. The Composite is peaking just above the range bound price action that we have seen for the last several weeks. This is good price action, and if this kind of price action follows thru this week, it is possible that the PPO will turn positive above the zero line. This would indicate that the positive momentum has improved, which is good for the bulls.
This weekly chart of Micro-Caps (IWC) continues to climb. Like its bigger brother the small caps, we are now looking at 3 weeks in a row that this index has gapped up. Friday's close also found the price or candle stick closing on a high for the week. Price is King, so this will be our trade for Monday morning.

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.

If you liked this article, please click the LIKE (thumbs up) button.

Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so)!

Follow us/bookmark us and check back occasionally for additional articles or comments on our page...

Wild Tiger Trading - start/main page.

With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers.

.
Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital.Well now that problem is solved!
Try2BeFunded
has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try.

Give Try2BeFunded a try!

.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue