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

Future Retirement Success

Stocks

Strong Week for Equities as Defense Holds its Long Term “Go” Trend

by August 19, 2024
August 19, 2024
Strong Week for Equities as Defense Holds its Long Term “Go” Trend

Good morning and welcome to this week’s Flight Path. Equities continue their path out of the “NoGo” correction. This week we saw amber “Go Fish” bars over the second half of the week. GoNoGo Trend shows that the trend in treasury bond prices saw strength with strong blue bars. U.S. Commodities index remained in the “NoGo” trend but continue to show weakness. The dollar as well, saw weak pink “NoGo” bars at the end of the week.

$SPY Rallies and Indicator Paints “Go Fish” Bars

On Thursday, price gapped higher and GoNoGo Trend painted more “Go Fish” bars as the week came to a close. There was much enthusiasm this week and we are fast approaching an interim high. GoNoGo Oscillator has broken away from the zero line and out of a small GoNoGo Squeeze into positive territory. With positive momentum, we will watch to see if this gives price the push it needs to enter a new “Go” trend.

The longer time frame chart tells us that the “Go” trend is still safe for now. The week’s strong rally pushed price higher and away from last week’s lows. We look at the oscillator panel and see that GoNoGo Oscillator tested the zero level for only a bar or two, and was quickly able to find support and bounce back into positive territory. Now we can say that momentum is resurgent in the direction of the underlying “Go” trend and we will look to see if price can climb further from here.

Treasury Remain Suppressed

While there was no new lower low this week, the “NoGo” trend remained in place. We can see that price is painting pink “NoGo” bars, higher than the recent low and lower than the recent high. If we look at the oscillator panel, we can see that GoNoGo Oscillator is testing the zero line from below again. We will watch to see if it finds resistance at this level as it has now for several weeks.

he weekly chart below shows us that the trend remains strongly “NoGo”. This is the second strong purple bar in a row and we can say that there is downside pressure on prices with the weight of the evidence approach. GoNoGo Oscillator is in negative territory but no longer oversold at a value of -3.

The Dollar’s “NoGo” Weakens but Remains

It was an up and down week for the dollar. It fell early in the week then gapped higher before falling again on Friday. We saw GoNoGo Trend move between pink and purple “NoGo” bars. When price gapped higher it was not able to set a new high and as prices fell again on Friday we saw a NoGo Trend Continuation Icon (red circle). GoNoGo Oscillator has been rejected again by the zero line and so we know that momentum is in the direction of the “NoGo” trend.

0
FacebookTwitterGoogle +Pinterest
previous post
Friday Feature: Project Flourish
next post
Is a State AI Patchwork Next? AI Legislation at a State Level in 2024

You may also like

Momentum Leaders Are Rotating — Here’s How to...

July 24, 2025

SCTR Report: Unlocking TSLA’s Potential—What Every Investor Needs...

October 24, 2024

Stock Market Rally Fizzles – What to Do...

October 14, 2023

Moxie Indicator Alerts: Predicting Yesterday’s Market Pullback!

November 10, 2023

MEM TV: Key Areas of Support as Markets...

June 24, 2023

After a 29% Bounce, Can SMCI Reclaim Its...

December 3, 2024

The Ord Oracle August 8, 2023

August 9, 2023

Market Rips Higher After Fed Announcement

March 20, 2024

Sector Spotlight: USD Index Resting on Major Support

December 6, 2022

S&P 500 on the Verge of 6,000: What’s...

June 4, 2025

    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

    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025
    • What Should We Learn from China’s Nuclear Construction Costs?

      August 7, 2025
    • Closing the Primary Care Gap

      August 7, 2025
    • Veteran Biden insider Anita Dunn appears in House Oversight autopen probe

      August 7, 2025
    • NDAs banning harassment and discrimination disclosures to be void under new UK workplace reforms

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,182)
    • Politics (16,331)
    • 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