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

The Trader Harbor

Stocks

Equities Stay Strong as Technology Returns to Out-Performance

by admin October 15, 2024
October 15, 2024
Equities Stay Strong as Technology Returns to Out-Performance

Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend not just survive but stay strong this week as the indicator painted a week of uninterrupted bright blue bars. Treasury bond prices stayed in a strong “NoGo” trend this week with consecutive purple bars. The U.S. commodity index is seeing its “Go” trend strengthen with a strong blue bar and the dollar seems set in its “Go” trend as well.

$SPY Able to Set New Higher High

The GoNoGo chart below shows that resurgent strength has pushed price to new highs on strong blue “Go” bars. This came after GoNoGo Oscillator found support twice in quick succession at the zero line. This caused the chart to show multiple Go Trend Continuation Icons and that new momentum in the direction of the trend was enough to push price higher.

The longer time frame chart shows us that GoNoGo Trend painted another strong blue “Go” bar this past week and we see another higher close on this weekly chart. We are now in a period of consecutive strong blue bars as the trend continues higher. Having taken out the prior high we turn our eye to the oscillator panel where we see that momentum is in positive territory but not yet overbought.

New “Go” Trend Strengthens in Yields

Treasury bond yields are in a “Go” trend now that has seen the indicator move through aqua bars to stronger blue “Go” colors. This comes as price closes in on some potential resistance from previous lows in the last “NoGo” trend. GoNoGo Oscillator is coming out of overbought territory and so we see a Go Countertrend Correction Icon warning us that price may struggle to go higher in the short term. We will then watch to see what happens should the oscillator close in on the zero line.

The Dollar Races Higher in New “Go” Trend

Price continued to climb this week as it raced through aqua bars and into bright blue “Go” colors. As GoNoGo Oscillator fell from overbought levels, we see that there is a Go Countertrend Correction Icon that indicates price may struggle to go higher in the short term and we will watch to see if it can consolidate at these elevated levels without falling too much from the high.

0
FacebookTwitterGoogle +Pinterest
previous post
Stay Ahead: Key Sentiment Indicators to Track in October 2024!
next post
Why Honeywell CEO Vimal Kapur doesn’t think the AI payoff will come from productivity

Related Posts

S&P 500 Breaking Out Again: What This Means...

July 31, 2025

Core PCE Data Has Powell Pleased – May...

March 30, 2024

Unlock the Power of StockCharts’ NEW Market Summary...

May 16, 2025

Is the S&P 500 Flashing a Bearish Divergence?

June 14, 2025

Is a New Market Uptrend Starting? Key Signals...

March 15, 2025

Fintech is Leading and Providing a Good Hunting...

December 7, 2024

Can Small and Mid-Caps Save the Market?

July 24, 2024

Looking for the Next Entry Point in SPY?...

August 23, 2024

Will USO Soar to $83? Here Are the...

August 8, 2024

SPY’s Pullback Continues: How To Know When It’s...

May 1, 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

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      September 20, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 20, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 20, 2025
    • 58 House Dems vote against resolution honoring ‘life and legacy’ of Charlie Kirk

      September 20, 2025
    • Trump-approved plan to avert government shutdown scuttled by Senate

      September 20, 2025
    • Senate Republicans block Democrats’ ‘filthy’ counteroffer as shutdown deadline looms

      September 20, 2025

    Categories

    • Business (1,387)
    • Politics (4,534)
    • Stocks (1,659)
    • Uncategorized (45)
    • World News (1,380)
    • 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