{"id":10721,"date":"2024-10-08T00:03:32","date_gmt":"2024-10-08T00:03:32","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/08\/equities-remain-in-go-trend-and-lean-into-energy\/"},"modified":"2024-10-08T00:03:32","modified_gmt":"2024-10-08T00:03:32","slug":"equities-remain-in-go-trend-and-lean-into-energy","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/08\/equities-remain-in-go-trend-and-lean-into-energy\/","title":{"rendered":"Equities Remain in \u201cGo\u201d Trend and Lean into Energy"},"content":{"rendered":"
\n

Good morning and welcome to this week\u2019s Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue \u201cGo\u201d bars as price rallied close to prior highs.\u00a0GoNoGo Trend shows that there has been a change in trend from \u201cGo\u201d to \u201cNoGo\u201d for treasury bond prices.\u00a0After an amber \u201cGo Fish\u201d bar we see strong purple \u201cNoGo\u201d bars.\u00a0The U.S. commodity index remains in a strong \u201cGo\u201d trend this week while the dollar saw a \u201cGo\u201d take over albeit painting weaker aqua bars.<\/p>\n

$SPY Fights to Stay Near Highs in \u201cGo\u201d Trend<\/h4>\n

The GoNoGo chart below shows that after several bars of weakness we see the bright blue bars of a stronger trend return. This may provide a new level of support as we move forward.\u00a0We also see a Go Trend Continuation Icon (green circle) as GoNoGo Oscillator found support at the zero line.\u00a0We see that after just one bar we are back testing that level again.\u00a0It will be important for the oscillator to continue to find support at that level to provide a springboard for price to move higher from here.<\/p>\n<\/p>\n

The longer time frame chart shows us that GoNoGo Trend painted another strong blue \u201cGo\u201d bar this past week and on a closing basis we made a new high.\u00a0GoNoGo Oscillator shows that momentum is positive but not yet overbought.\u00a0We will watch to see if momentum remains at or above the zero line as price challenges for more gains.<\/p>\n<\/p>\n

New \u201cGo\u201d Trend For Treasury Yields<\/strong><\/p>\n

Treasury bond yields have climbed to new highs and we saw GoNoGo trend roll through the colors as a couple of amber \u201cGo Fish\u201d bars were followed by a first new \u201cGo\u201d bar for several months.\u00a0GoNoGo Oscillator burst through the zero level last week and out of a GoNoGo Squeeze.\u00a0Since then, it has retested and found support at zero and that tipped us off to the change in trend in the price panel above.\u00a0We now see momentum at a value of 5 and so there is enthusiasm around this price move.<\/p>\n<\/p>\n

The Dollar Saw a \u201cGo\u201d Trend Emerge<\/h4>\n

Price climbed quickly this week and followed an amber \u201cGo Fish\u201d bar with a string of aqua \u201cGo\u201d bars as price climbed to new highs.\u00a0GoNoGo Oscillator having struggled with the zero level for several bars assertively broke through into positive territory and we saw an increase in volume as the oscillator rose to a value of 5.\u00a0Now we can say that momentum is on the side of the new \u201cGo\u201d trend as it tries to consolidate at these new levels.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good morning and welcome to this week\u2019s Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue \u201cGo\u201d bars as price rallied close to prior highs.\u00a0GoNoGo Trend shows that there has been a change in trend from \u201cGo\u201d to \u201cNoGo\u201d for treasury bond prices.\u00a0After an […]<\/p>\n","protected":false},"author":0,"featured_media":10722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10721","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\/10721","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=10721"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/10722"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=10721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=10721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=10721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}