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

Future Retirement Success

Stocks

Financials Power Price Rally off Lows

by August 12, 2024
August 12, 2024
Financials Power Price Rally off Lows

Good morning and welcome to this week’s Flight Path. Equities remained in a “NoGo” trend this past week however after gapping lower on Monday, prices rallied until on Friday GoNoGo Trend painted a weaker pink bar. Treasury bond prices painted weaker aqua “Go” bars as the trend remained in place. U.S. commodity index hung on to its “NoGo” trend with a pink bar at the end of the week. The dollar also remained in a “NoGo” trend painting weaker pink bars.

$SPY Rallies but Not Yet Out of “NoGo”

Price gapped lower again on Monday, but then steadily climbed all week. The weight of the evidence tells us that the trend is still a “NoGo” however the indicator is painting a weaker pink bar. GoNoGo Oscillator is testing the zero level from below and volume is heavy. We will watch to see if the oscillator gets turned away, back into negative territory. If it does, the “NoGo” trend is likely to continue.

The strong rally this week put the weekly close very close to the previous close. A third aqua “Go” bar tells us that the trend remains week on this longer term chart, however, the “Go” survives again this week. We will continue to monitor the GoNoGo Oscillator as it rests at zero. If it can find support here, then we may see the “Go” trend remain in place. Multi time frame analysis tells us to keep this chart in mind when we look at the lower timeframes.

Treasury Rates Rally off Lows 

This week we saw another low for treasury rates. Then, price rallied strongly all week. GoNoGo Trend begin to paint weaker pink “NoGo” bars mid week as prices climbed. GoNoGo Oscillator rallied to test the zero level from below and was quickly rejected. This tells us that momentum is resurgent in the direction of the “NoGo” trend. We will look to see if price moves back lower this week.

The weekly chart below shows that the support we saw on the chart last week held. Price dipped below the horizontal level but the weekly close was back above it. GoNoGo Oscillator has also rallied out of oversold territory but is still negative.

The Dollar’s “NoGo” Trend Remains

Price moved sharply lower a week ago. We then saw prices climb from those lows as the week progressed. However, GoNoGo Trend shows that the “NoGo” survived the week on weaker pink bars as the rally stalled. GoNoGo Oscillator rallied quickly to test the zero line from below but was rejected on heavy volume. This tells us that momentum is resurgent in the direction of the “NoGo” trend and so we will look for price to fall this week.

0
FacebookTwitterGoogle +Pinterest
previous post
Corporate Welfare Breeds Corruption
next post
Secrets of Success: Ed Johnson, CEO and Co-Founder of PushFar

You may also like

Week Ahead: Low VIX May Keep NIFTY Vulnerable...

September 16, 2023

Post-Fed Rally Ignites Flurry of New Highs

March 22, 2024

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

September 3, 2024

The Top Three Indicators Pressuring Earnings Right Now

October 5, 2023

Week Ahead: NIFTY Steps Into Next Week With...

January 11, 2025

DP Trading Room: Mortgage Rates Hit Multiyear High...

October 16, 2023

Finding and Trading Oversold Conditions within Long-term Uptrends

November 4, 2024

Charts Flashing “No Go” for S&P 500!

April 18, 2024

Navigating Earnings: Three Stocks, Three Different Stories

May 12, 2025

Should You be Concerned About These Four Stocks?

April 2, 2024

    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 ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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