Subscribers Special Report Via -TradesAfterWorkPosting this to share with our readers: (We really like these Weekly Technical Briefs by TaW). What a beautiful Weekly chart of the strongest index out there. The Nasdaq Composite Index has led this market all the way up since the March lows. It is hard to find a better looking chart. Some are arguing that we are too overbought, but we know that a market can stay overbought much longer than we can imagine. When you look at the chart you can see the strength in the price, we have just reached another new high and price trumps everything. We are paid on price. The price is also above the major moving averages, that being the 10 Week Simple Moving Average and 40 Week Simple Moving Average. Not much more I can say on that. The Weekly chart of the S&P 500 Index below looks good. Obviously not as good as the Composite, but still good. Notice how, for the first time since the March lows, we have the 10 Week moving average trading above the 40 week moving average. That is a good sign. We just have to keep it above that 40 week moving average. One of the battles the the S&P 500 Index has to fight is getting above its February highs, showing we still have resistance or sellers above. The S&P 500 will need to breach those previous highs to continue to add profits to those IRA's and 401(k)'s out there. It's not healthy for the market, as a whole, to continue to climb on the strength of only one index, the Nasdaq Composite Index, which is heavenly weighted in technology. The Dow Jones 30 Weekly chart still shows an index that is languishing. The prices of the Dow is still below its 40 week moving average. PPO is positive, which is good, but it is below its zero line which is not an optimal situation. It would be preferred that the PPO be positive above the zero line, which would show more positive momentum, but we will take it. The Weekly Stochastics has just gone below 80% and is currently negative. At times this can indicate some stalling is taking place. We shall see. If you have any questions or I can be of any assistance please don't hesitate to contact me.Take Care!Learn more about them here - TradesAfterWork.com 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. .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! .