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

The Trader Harbor

Stocks

Equities Remain in “Go” Trend and Lean into Energy

by admin October 8, 2024
October 8, 2024
Equities Remain in “Go” Trend and Lean into Energy

Good morning and welcome to this week’s Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue “Go” bars as price rallied close to prior highs. GoNoGo Trend shows that there has been a change in trend from “Go” to “NoGo” for treasury bond prices. After an amber “Go Fish” bar we see strong purple “NoGo” bars. The U.S. commodity index remains in a strong “Go” trend this week while the dollar saw a “Go” take over albeit painting weaker aqua bars.

$SPY Fights to Stay Near Highs in “Go” Trend

The GoNoGo chart below shows that after several bars of weakness we see the bright blue bars of a stronger trend return. This may provide a new level of support as we move forward. We also see a Go Trend Continuation Icon (green circle) as GoNoGo Oscillator found support at the zero line. We see that after just one bar we are back testing that level again. It will be important for the oscillator to continue to find support at that level to provide a springboard for price to move higher from here.

The longer time frame chart shows us that GoNoGo Trend painted another strong blue “Go” bar this past week and on a closing basis we made a new high. GoNoGo Oscillator shows that momentum is positive but not yet overbought. We will watch to see if momentum remains at or above the zero line as price challenges for more gains.

New “Go” Trend For Treasury Yields

Treasury bond yields have climbed to new highs and we saw GoNoGo trend roll through the colors as a couple of amber “Go Fish” bars were followed by a first new “Go” bar for several months. GoNoGo Oscillator burst through the zero level last week and out of a GoNoGo Squeeze. Since then, it has retested and found support at zero and that tipped us off to the change in trend in the price panel above. We now see momentum at a value of 5 and so there is enthusiasm around this price move.

The Dollar Saw a “Go” Trend Emerge

Price climbed quickly this week and followed an amber “Go Fish” bar with a string of aqua “Go” bars as price climbed to new highs. GoNoGo Oscillator having struggled with the zero level for several bars assertively broke through into positive territory and we saw an increase in volume as the oscillator rose to a value of 5. Now we can say that momentum is on the side of the new “Go” trend as it tries to consolidate at these new levels.

0
FacebookTwitterGoogle +Pinterest
previous post
Kamala Harris should prosecute Big Pharma, not bail it out
next post
DP Trading Room: A Case for a Market Top

Related Posts

Weak September Rotation – What Does it Mean...

August 29, 2024

Is the S&P 500 Flashing a Bearish Divergence?

June 11, 2025

Plunge in Treasury Yields Triggers Gap-Surge in Home...

November 28, 2024

Intermediate-Term Bearish Head & Shoulders on Semiconductors (SMH)

September 8, 2024

Will Technology Drive S&P Higher in October?

October 5, 2024

Key Levels for AMZN, AMD, & AAPL Earnings!

May 3, 2024

Are ARK’s Innovation ETFs on to Something BIG?

December 7, 2024

Market Breadth is Narrowing – Should You Be...

July 3, 2024

Three Reasons to Consider Gold

March 15, 2025

Have We Bottomed? Here Are 3 Charts To...

July 24, 2024

    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

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

      July 21, 2025
    • What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

      July 21, 2025
    • Trump’s housing chief rips Powell for blowing millions on Fed facelift during housing crisis he perpetuates

      July 21, 2025
    • Trump celebrates 6 months back in office: US ‘totally revived’ after being ‘DEAD’ under Biden

      July 21, 2025
    • Biden admin spent hefty sum of US tax dollars to upgrade embassy swimming pools in Iraq, Russia

      July 21, 2025
    • Trump heads to Scotland, continues ironing out trade deals after notching six months back in office

      July 21, 2025

    Categories

    • Business (1,299)
    • Politics (4,040)
    • Stocks (1,535)
    • Uncategorized (45)
    • World News (1,292)
    • 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