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

The Trader Harbor

Stocks

Equities Look for “Energy” in “Go” Trend

by admin November 19, 2024
November 19, 2024
Equities Look for “Energy” in “Go” Trend

Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend continue this week but we saw weaker aqua bars at the end of the week. Treasury bond prices painted strong purple “NoGo” bars as the weight of the evidence suggested the “NoGo” will continue. U.S. commodities painted aqua “Go” bars after flirting with amber “Go Fish” bars of uncertainty last week. The dollar showed no weakness this week with an uninterrupted string of bright blue “Go” bars.

$SPY Paints Weaker “Go” Bars after High

The GoNoGo chart below shows that after hitting a new higher high on strong blue “Go” bars we saw a Go Countertrend Correction Icon (red arrow) signaling that price may struggle to go higher in the short term. Indeed, price fell in the following days, and GoNoGo Trend has painted weaker aqua bars. We will watch to see if price finds support at last month’s high. GoNoGo Oscillator also has fallen to test the zero line from above and we will watch to see if it finds support here as well. If the oscillator rallies back into positive territory we will look for price to make an attempt at another higher high.

A Go Countertrend Correction Icon (red arrow) has showed itself on the weekly chart after last week saw price fall into the end of the week. GoNoGo oscillator is in positive territory at a value of 3 and so no longer overbought. We will watch to see if it falls toward the zero line from here and if it does we will monitor for signs of support. GoNoGo Trend is painting strong blue “Go” bars as momentum remains positive confirming the direction of the trend.

Treasury Rates See Continued Strength

Treasury bond yields saw the “Go” trend continue this week and after a couple of weaker aqua bars the indicator showed a return to strength with bright blue bars all week as price rallied to challenge for new highs. GoNoGo Oscillator was perhaps responsible for the rally as we saw it bounce of the zero line into positive territory at the beginning of the week. Now, with GoNoGo Trend painting strong blue bars the oscillator is in positive territory at a value of 2.

The Dollar Remains at Elevated Levels

A week of strength propelled price to new highs again this week as GoNoGo Trend painted a string of unbroken bright blue “Go” bars. We are seeing a Go Countertrend Correction icon (red arrow) on the current bar as there is some waning momentum finally.  GoNoGo Oscillator has fallen out of overbought territory and is approaching the zero line. We will watch to see if it finds support as and when it gets there. If it rallies quickly back into positive territory we will see that as a sign of trend continuation for the greenback.

0
FacebookTwitterGoogle +Pinterest
previous post
Macro Market Outlook and Best Options Trade Ideas!
next post
AMC is poised to ride the box office rebound, as long as its debt doesn’t get in the way

Related Posts

SPY and QQQ Recapture their 200-day SMAs –...

May 17, 2025

The Real Drivers of This Market: AI, Semis...

August 3, 2025

Stock Market Sells Off Ahead of CPI: Charts...

December 11, 2024

DP Trading Room: On-Balance Volume (OBV) Explained

April 2, 2024

Equities Hold Firm in “Go” Trend as Industrials...

September 4, 2024

Five Key Market Ratios Every Investor Should Follow

January 22, 2025

How High Can Gold Prices Go? The Tools...

September 18, 2024

Coming Soon: A New Era of Options Trading...

October 5, 2024

Market Trend Model Flashes Short-Term Bearish, What’s Next?

November 5, 2024

Stock Market Wrap: Stocks Rebound as May Kicks...

May 3, 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 flexes power over big business as U.S. takes 10% stake in Intel

      August 25, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 25, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 25, 2025
    • Trump gave the Oval Office a gilded makeover – and covered the cost himself

      August 25, 2025
    • Trump learns a lesson grounded in faith, how best to stand tough on trade with China

      August 25, 2025
    • Russia says Ukrainian drones hit nuclear power plant during Independence Day strikes

      August 25, 2025

    Categories

    • Business (1,354)
    • Politics (4,320)
    • Stocks (1,607)
    • Uncategorized (45)
    • World News (1,347)
    • 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