The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Stocks

$SPY FLAGS NEW “GO” TREND IN THE FACE OF DEFENSIVE STRENGTH

by admin May 14, 2024
May 14, 2024
$SPY FLAGS NEW “GO” TREND IN THE FACE OF DEFENSIVE STRENGTH

Good morning and welcome to this week’s Flight Path. We saw some resolution of the uncertainty in the markets this past week. Equities came out of a string of amber “Go Fish” bars to paint an aqua “Go” bar on Friday. The $SPY is a “Go”. However, as we’ll see, there remain some concerns over the strength of this move off the lows. Treasury bond prices remained in a “NoGo” but painted another complete week of weaker pink bars. The U.S. commodity index was unable to trend, as we saw amber “Go Fish” bars dominate again this week. The dollar remained in its “Go” trend and we saw some strength later in the week as blue bars returned.

$SPY Enters a “Go” Trend

After a week of amber “Go Fish” bars representing uncertainty, we saw a fresh “Go” trend emerge on the last day of the week as GoNoGo Trend painted an aqua bar. This is the first of the “Go” colors, so we will want to see stronger blue bars follow. This came after GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into positive territory. This leading indication of positive momentum was a good sign as it told us that momentum was no longer on the side of the prior “NoGo” trend.

The larger weekly chart is very positive. After a period of weaker aqua “Go” bars that followed the Go Countertrend Correction Icon (red arrow) we have seen a blue “Go” bar return. This coincides with GoNoGO Oscillator finding support at the zero line. We now can say that momentum is resurgent in the direction of the “Go” trend. The green circle we see on the chart is a Go Trend Continuation Icon, visually informing us that momentum is confirming the underlying “Go” trend. We will look for price to make an attempt at a new higher high over the next few weeks.

Rates Stabilize at Lower Levels

GoNoGo Trend painted another week of aqua “Go” bars. This tells us that the trend remains in place but we are seeing continued weakness. Price seemed to consolidate last week with not much movement higher or lower. This is after a drop that was preceded by GoNoGo Oscillator failing to find support at the zero level. GoNoGo Oscillator is now in negative territory but not yet oversold. This negative momentum is out of step for the “Go” trend and so we have some concerns about the health of the “Go” trend.

0
FacebookTwitterGoogle +Pinterest
previous post
This is the #1 Options Income Strategy You Should Master
next post
Fewer homeowners are remodeling, but demand is still ‘solid’

Related Posts

The SCTR Report: Why PLTR Stock Remains a...

May 1, 2025

It’s Large-Cap Growth Stocks (Mag 7) Once Again

October 11, 2024

Semiconductors are at CRITICAL Level!

April 18, 2024

Stocks Are Going UP “With or Without You”

March 24, 2024

Golf Geometry & Kinematics

July 15, 2024

DP Trading Room: NVDA Lifts Semiconductors Higher

October 15, 2024

Gold Prices: De-Dollarization, Inflation, and $3,000 Gold—What You...

January 15, 2025

S&P 500 Sinks on Software and Semiconductor SELLOFF

June 3, 2024

Did Friday’s Reversal Mark A Major Bottom?

March 9, 2025

The Best Five Sectors, #19

May 19, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

      July 18, 2025
    • Coca-Cola dodges after Trump says soda will switch back to cane sugar

      July 18, 2025
    • RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

      July 18, 2025
    • Three Bearish Candle Patterns Every Investor Should Know

      July 18, 2025
    • These HOT Industry Groups are Fueling This Secular Bull Market

      July 18, 2025
    • Biden-era policy indirectly paying for unaccompanied minors’ abortions rescinded by Trump DOJ

      July 18, 2025

    Categories

    • Business (1,297)
    • Politics (4,021)
    • Stocks (1,528)
    • Uncategorized (45)
    • World News (1,290)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved