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

Future Retirement Success

Stocks

Equities Hang on to Weaker “Go” Trend as Communications Offers a Helping Hand

by November 4, 2024
November 4, 2024
Equities Hang on to Weaker “Go” Trend as Communications Offers a Helping Hand

Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend remain in place this week but we saw weakness with a few aqua bars. GoNoGo Trend shows that the “NoGo” trend strengthened at the end of the week in treasury bond prices. U.S. commodities hung on to the “Go” trend and indeed we saw strength with bright blue bars. The U.S. dollar also remained in a “Go” trend but the indicator paints weakness with aqua bars.

$SPY Shows Weakness with a Pair of Aqua Bars

The GoNoGo chart below shows that we still have been unable to conquer the high from last month. This week saw price gap lower and weaker aqua bars return as price fell further. If we turn our attention to the oscillator panel we can see that after holding at the zero level for a few bars we have broken down into negative territory and volume has increased. We will watch closely to see if this further threatens the “Go” trend that is currently in place.

The longer time frame chart tells us that the trend remains strong but we see another lower weekly close this week after the Go Countertrend Correction Icon (red arrow) we recently noted above price. As price approaches the last high from the summer we will watch to see if it finds support. GoNoGo Oscillator is falling but still in positive territory so we will pay attention to what happens as it gets closer to the zero line.

Treasury Rates Remain in Strong “Go” Trend

Treasury bond yields saw the “Go” trend continue this week and after a couple of weaker aqua bars the week closed with strong blue “Go” colors after price made another higher high this week. GoNoGo Oscillator shows that momentum is still in positive territory but no longer overbought as it falls to a value of 3. We will look for support at the zero level if and when it gets there.

The Dollar Sees Weakness in “Go” Trend

We saw another Go Countertrend Correction Icon (red arrow) this week right after price made a new high. Since then we have seen consecutive aqua bars that demonstrate some trend weakness.  Price rebounded on Friday with a strong bar and so we will watch to see if the trend will strengthen as it approaches prior highs. GoNoGo Oscillator fell sharply but turned around at a value of 1 and so is now rising at a value of 3 confirming the “Go” trend in the price panel.

0
FacebookTwitterGoogle +Pinterest
previous post
James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses
next post
Treasury Advisory Committee Calls for CBDCs to Replace Stablecoins

You may also like

GNG TV: Inflation Interpretation Weighs Heavily on Stocks

September 15, 2022

Fresh Macroeconomic Look after CPI

May 10, 2023

GNG TV: Examining MAJOR Pullbacks within Secular “Go”...

September 1, 2023

The Ord Oracle January 31, 2023

February 1, 2023

The Ord Oracle July 26, 2022

July 29, 2022

MEM TV: How to Tell When It’s Safe...

September 27, 2023

You Need To Understand NOW What Changed After...

March 24, 2024

The Largest IPO In 2 Years Launched Last...

September 16, 2023

Improving Your Trading Performance Through Discretion

August 10, 2023

Bank Earnings Showdown: Emerging Trends You Need To...

July 12, 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

    • Trump orders Attorney General to investigate Biden’s autopen use amid cognitive decline concerns

      June 5, 2025
    • Elon Musk warpath against Trump’s ‘big, beautiful bill’ rattles House GOP

      June 4, 2025
    • Durbin obstruction threat chills Senate as Trump nominees hang in balance

      June 4, 2025
    • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

      June 4, 2025
    • Why ADX Can Mislead You — And How to Avoid It

      June 4, 2025
    • S&P 500 on the Verge of 6,000: What’s at Stake?

      June 4, 2025

    Categories

    • Business (8,143)
    • Investing (2,006)
    • Politics (15,519)
    • Stocks (3,127)
    • 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