Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Equities Set New Highs As Growth Sectors Drive Markets

by July 8, 2024
July 8, 2024
Equities Set New Highs As Growth Sectors Drive Markets

Good morning and welcome to this week’s Flight Path. The week ended with all of the major asset classes painting “Go” bars. However, we saw a little uncertainty in places during trading. After a few bars of weaker aqua “Go” bars, we saw equities finish with strong blue bars at new all time highs. Treasury bond prices saw a dip into uncertainty but ended strongly. The U.S. commodities index rebounded after a “Go Fish” bar with a few strong blue bars and the dollar hung onto weaker aqua “Go” bars.

$SPY Looks Strong at the End of the Week

After a few weeks that now look like consolidation, we saw price hit new highs this week on strong blue “Go” bars. This comes after a few weaker aqua bars moved price sideways and GoNoGo Oscillator fell close to the zero level. It rallied quickly though and we are seeing strong momentum as price climbs.

Another higher weekly close tells us that the “Go” trend remains strong on the larger timeframe. We now have seen 9 consecutive strong blue “Go” bars since the period of weakness in April. GoNoGo Oscillator stays overbought for another week which tells us how enthusiastic the market is as price soars.

Treasury Rates Return to Strong “NoGo” bars

Treasury rates jumped higher earlier in the week and it was enough to make GoNoGo Trend paint an amber “Go Fish” bar. However, the “NoGo” returned as the week finished with first pink and then a strong purple bar. GoNoGo Oscillator which had broken into positive territory has quickly returned to test the zero line from above. It will be important to see if this level now offers support.

Dollar Falls from Highs on Weak Aqua “Go” Bars

The daily chart below shows that price fell sharply from the most recent high. This week saw a predominance of weaker aqua bars as the “Go” trend shows weakness. GoNoGo Oscillator has fallen to test the zero line from above and volume is heavy. We will pay close attention to the oscillator panel this week to see if the zero level offers support. If it does, we will be able to infer that the “Go” trend is still healthy.

0
FacebookTwitterGoogle +Pinterest
previous post
DP Trading Room: These Banks are Bullish Going Into Earnings
next post
Trump focused on campaigning, as Dems are ‘in disarray’ amid Biden chaos

You may also like

The Halftime Show: Don’t Believe Everything the Analysts...

November 9, 2023

Bullish AND Bearish Options Trade Ideas

January 14, 2025

Top 5 Charts Every Trader Needs to Watch...

December 22, 2022

Still BULLISH NVDA Despite DeepSeek?

January 27, 2025

Trading the Swing within the Pattern: IGV Example

October 10, 2023

Markets: Week 1, Week 2 — What’s Next...

January 10, 2024

The Ord Oracle August 15, 2023

August 16, 2023

How Market Breadth Indicators Can Lead You Out...

October 4, 2023

Bearish Divergence Suggests Caution For S&P 500

June 13, 2025

Sector Spotlight: Risk to S&P as Technology Under...

August 8, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

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

    Recent Posts

    • Supreme Court ruling blocks car finance payouts for millions of consumers

      August 1, 2025
    • Trump ally Bukele’s party amends El Salvador constitution to allow indefinite presidential re-election

      August 1, 2025
    • Are Stablecoins CBDCs in Disguise? No

      August 1, 2025
    • Lunar Loussia’s Rise: From Family Storefronts to Business Scale-Up

      August 1, 2025
    • Trump takes jab at GOP senator, urging Republicans to ‘vote the exact opposite of’ how she does

      August 1, 2025
    • Tech’s Next Frontier: Preparing Your Business for the Quantum Computing Revolution

      August 1, 2025

    Categories

    • Business (8,649)
    • Investing (2,166)
    • Politics (16,273)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, 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 futureretirementsuccess.com | All Rights Reserved