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

The Trader Harbor

Stocks

TECHNOLOGY AGAIN PROVIDES ONLY SPARK FOR MARKETS

by admin June 25, 2024
June 25, 2024
TECHNOLOGY AGAIN PROVIDES ONLY SPARK FOR MARKETS

Good morning and welcome to this week’s Flight Path. We saw another strong week of blue “Go” bars for the equity index. Treasury bond prices also maintained strong blue “Go” colors for the entire week. U.S. commodities almost did the same, but the week ended with a weaker aqua bar. The dollar found its feet again this week with a string of strong blue “Go” bars also.

$SPY Paints Another Week of Strong Blue “Go” Bars

Price hit another higher high this week as GoNoGo Trend painted a string of strong blue “Go” bars. When turning our attention to the oscillator panel we see that it has remained overbought this week moving between values of 5 and 6. Volume is heavy with prices at these levels. we will watch to see if the oscillator falls out of the overbought range in the upcoming days. If it does, we will see a Go Countertrend Correction Icon (red arrow) above price indicating that it may be a struggle for price to go higher in the short term.

Another week another higher high! A 7th consecutive bright blue bar on the weekly chart as price continues higher. GoNoGo Oscillator has climbed into overbought territory at a value of 6. We will watch to see if it stays overbought or if it falls back toward neutral territory.

Treasury Rates Continue to Paint “NoGo” Bars

After a new low at the beginning of the week we saw strong purple “NoGo” bars as price consolidated and moved mostly sideways. GoNoGo Oscillator during this week stayed in negative territory but is not yet oversold and in fact turned up on the final bar of the week. With momentum in negative territory we can say that it is confirming the direction of the underlying “NoGo” trend.

Dollar Consolidates New “Go” Trend

Last week we saw a bullish engulfing pattern end the week on a fresh aqua “Go” bar with price again making a new higher high this week on strong blue bars. This comes as GoNoGo Oscillator appears to have solidified its position in positive territory and is moving further into positive territory at a value of 3.

The weekly chart shows continued strength with the latest bar painted strong blue and price at a new slightly higher high. We can see that price is now staying above highs from earlier in the chart. GoNoGo Oscillator has bounced off the zero line and is back in positive territory. With momentum rising and in the direction of the underlying trend we will look to see if price can go higher still.

0
FacebookTwitterGoogle +Pinterest
previous post
Pennsylvania Sen. Casey warns Amazon, Target and Walmart over ‘greedflation’ pricing
next post
Week Ahead: NIFTY Show Evident Signs of Fatigue; Guard Profits & Keep Looking for Relative Strength

Related Posts

Tech ETFs are Leading Since April, but Another...

June 8, 2025

Joe Rabil’s Undercut & Rally Pattern: From DROP...

June 21, 2025

It’s Been a Long Time Mr Bear, Where...

August 3, 2024

China Tariffs Drive Upside for Rare Earth Minerals

May 15, 2024

Stocks Get Defensive as Market Index Enters “NoGo”

August 6, 2024

Sector Rotation & Seasonality: What’s Driving the Market...

March 3, 2025

Bullish Percent Index Confirms Short-Term Rebound

April 15, 2025

What Happens Next for the S&P 500? Pick...

July 16, 2025

Charts Flashing “No Go” for S&P 500!

April 19, 2024

Smarter Options Trading Starts Here! StockCharts + OptionsPlay

May 28, 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

    • Cracker Barrel will go back to old logo after conservative backlash

      August 28, 2025
    • Google has eliminated 35% of managers overseeing small teams in past year, exec says

      August 28, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 28, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 28, 2025
    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

      August 28, 2025
    • Trump asks SCOTUS to uphold freeze on billions in USAID payments

      August 28, 2025

    Categories

    • Business (1,363)
    • Politics (4,345)
    • Stocks (1,613)
    • Uncategorized (45)
    • World News (1,356)
    • 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