{"id":10375,"date":"2024-10-01T00:03:12","date_gmt":"2024-10-01T00:03:12","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/01\/equities-remain-in-strong-go-trend-as-communications-begin-to-excel\/"},"modified":"2024-10-01T00:03:12","modified_gmt":"2024-10-01T00:03:12","slug":"equities-remain-in-strong-go-trend-as-communications-begin-to-excel","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/01\/equities-remain-in-strong-go-trend-as-communications-begin-to-excel\/","title":{"rendered":"Equities Remain in Strong \u201cGo\u201d Trend as Communications Begin to Excel"},"content":{"rendered":"<div>\n<p>Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend remain strong with another uninterrupted week of strong blue \u201cGo\u201d bars.\u00a0Treasury bond prices remained in the \u201cGo\u201d trend as well but we saw a whole week of weaker aqua bars. U.S. commodities saw the \u201cGo\u201d trend strengthen this week after several weaker aqua bars last week.\u00a0The dollar held on to its \u201cNoGo\u201d trend but painted weaker pink bars to end the week.<\/p>\n<h4>$SPY Continues in Strong \u201cGo\u201d Trend<\/h4>\n<p>The GoNoGo chart below shows that the \u201cGo\u201d trend continued this week and maintained its strength.\u00a0A complete week of strong blue \u201cGo\u201d bars saw price hit another higher high.\u00a0GoNoGo Oscillator remains in positive territory at a value of 3 but is\u00a0no longer overbought.<\/p>\n<\/p>\n<p>The longer time frame chart shows us that the \u201cGo\u201d trend remains strong this week with another bright blue \u201cGo\u201d bar.\u00a0However, it was a very small weekly trading range as price crept to a new higher high.\u00a0GoNoGo Oscillator is in positive territory at a value of 3 but has not reached the same highs as it did on the last price high.<\/p>\n<\/p>\n<p><strong>\u201cNoGo\u201d Trend Continues with a Full Week of Pink Bars<\/strong><\/p>\n<p>Treasury bond yields seem to have set a new lower low as price fell from the mid week high and GoNoGo Trend painted weak pink bars.\u00a0GoNoGo Oscillator is riding the zero line and we see a GoNoGo Squeeze building close to its Max.\u00a0It will be important to watch to see in which direction the Squeeze is broken.\u00a0If the oscillator breaks out of the GoNoGo Squeeze into negative territory then we will see signs of NoGo Trend Continuation and look for price to challenge for new lows.<\/p>\n<\/p>\n<h4>The Dollar Paints Weaker Pink \u201cNoGo\u201d Bars<\/h4>\n<p>Price continues to consolidate sideways this week and GoNoGo trend has started to paint pink bars as the \u201cNoGo\u201d trend weakens.\u00a0During this time, GoNoGo Oscillator has struggled to move away from the zero line and has now dipped back into negative territory.\u00a0If the oscillator remains negative, we will say that momentum remains on the side of the \u201cNoGo\u201d trend.\u00a0If the oscillator recaptures positive territory it would signal that momentum is out of step with the trend.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend remain strong with another uninterrupted week of strong blue \u201cGo\u201d bars.\u00a0Treasury bond prices remained in the \u201cGo\u201d trend as well but we saw a whole week of weaker aqua bars. U.S. commodities saw the \u201cGo\u201d trend strengthen this week after several [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":10376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=10375"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/10376"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=10375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=10375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=10375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}