Subscribers Special ReportVia -TradesAfterWorkPosting this to share with our readers: (We really like these Weekly Technical Briefs by TaW). It's that time again, time to look at the longer term trend of the market. As you no doubt remember, I break the market trends in to three trends; the short term trend, the intermediate term trend and the long term trend. Below is the Nasdaq Composite Index long term trending chart. The long term trend, as well as the short and intermediate trends, of this index is currently positive or bullish. To help me see the direction of the longer term trend I am using the 12 Month Simple Moving Average. As long as the price of the Composite is above that 12 Month SMA at the close of each month, I know the odds are in my favor that the bull market is still in play. The S&P 500 Index chart below shows how this index price is also above its 12 Month SMA, telling us the bulls are in control. One difference in this chart from the chart of the Nasdaq Composite above is that that the price of the S&P has only been above the 12 Month SMA for 3 months, whereas the Composite price has been above its 12 Month SMA for 4 months. You will also notice that the Percentage Price Oscillator (PPO) for the S&P has not yet crossed up. That just might be demonstrating that the S&P 500 has not had positive price momentum for the same length of time as the Comp. Even with the PPO not having crossed up at this juncture, the chart looks good and the bulls have much to be happy with. The weakest of the 3 indexes on a long term chart continues to be the Dow Jones 30. July was the first month that the Dow's price has closed above its 12 Month SMA since the March 23rd low. The reason I put a question mark behind "Prices Are Above the 12 Month SMA?" on the chart is because the monthly candlestick that closed the month of July is a little funky. Notice how short the white body is and that the top of the wick is considerably longer than the body's bottom wick. I'm not saying that we will go below the 12 Month SMA, but that the candlestick looks weak and does not seem to show complete conviction yet. Also, the PPO has not crossed up yet. Our stock pick for tomorrow morning is Docusign, $DOCU. The chart below shows how DOCU has formed a cup pattern without a handle. This type of pattern is bullish. The stock broke a 52 week high last Friday. If you look at the Relative Strength Index (RSI) you will see that the stock is a little below 70, which means the stock is not viewed as overbought at this point. DOCU, is also trading above all its major moving averages. DOCU can be bought at the Activate Price of $217.90. 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!.