Charles Schwab Corporation (The)

SCWB- Sustained Uptrend Curently in a Momentum Squeeze

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SCHW has done well in a bad year for the market. the earnings release in October looked good.

The stock has gained 25% in the past 4 months very consistentl which shows relative strengh

compared with SPY which has descended badly.

On the daily chart it is sitting above an ascending Ichimoku cloud. This has been trading above

VWAP since Late October showing an overall bullish bias.

The Momentum indicator shows a current squeeze with the Bollinger Bands constricting around

the price action. I am looking to trade this as a call option with a one-month expiration.

Fundamentally, SCWB will be busy this December as the number of tax loss sales to

book capital losses will likely be astronomical.



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