{"id":11474,"date":"2024-10-22T00:04:00","date_gmt":"2024-10-22T00:04:00","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/22\/equities-remain-in-go-trend-as-we-see-rotation-into-utilities\/"},"modified":"2024-10-22T00:04:00","modified_gmt":"2024-10-22T00:04:00","slug":"equities-remain-in-go-trend-as-we-see-rotation-into-utilities","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/22\/equities-remain-in-go-trend-as-we-see-rotation-into-utilities\/","title":{"rendered":"Equities Remain in \u201cGo\u201d Trend as We See Rotation into Utilities"},"content":{"rendered":"<div>\n<p>Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend continue this week as the indicator painted strong blue bars the entire week. Treasury bond prices saw the \u201cNoGo\u201d trend continue with a week of strong purple bars.\u00a0U.S. commodities saw the \u201cGo\u201d trend continue this wek and at the end of the week we saw a new strong blue bar.\u00a0GoNoGo Trend shows that trend in the U.S. dollar continued to be a \u201cGo\u201d with mostly strong blue bars.<\/p>\n<h4>$SPY Remains in \u201cGo\u201d Trend with Price at Highs<\/h4>\n<p>The GoNoGo chart below shows that the trend is strong for U.S. equities.\u00a0GoNoGo Trend paints a week of uninterrupted strong blue bars as price remains elevated and close to highs.\u00a0GoNoGo Oscillator has fallen from over bought levels and is now at a value of 3.\u00a0This confirms the trend we see in the price panel.<\/p>\n<\/p>\n<p>The longer time frame chart tells us that the trend is still well and truly in place as we see another strong blue \u201cGo\u201d bar at new highs.\u00a0GoNoGo Oscillator is approaching overbought territory and this represents enthusiasm from the market as we see prices climb higher.<\/p>\n<\/p>\n<p><strong>The \u201cGo\u201d Trend Survives Another Week<\/strong><\/p>\n<p>Treasury bond yields emerged out of the \u201cNoGo\u201d last week and now we see that this week we have been able to maintain the new \u201cGo\u201d trend.\u00a0The indicator paints strong blue bars and GoNoGo Oscillator is in positive territory at a value of 3.<\/p>\n<\/p>\n<h4>The Dollar Continues to Show Strength<\/h4>\n<p>Last week we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term.\u00a0As is sometimes the case in strong trends, price blew right past this warning and we saw strong blue \u201cGo\u201d bars and new highs this week.\u00a0GoNoGo Oscillator has remained elevated this week as it stays in overbought territory.<\/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 continue this week as the indicator painted strong blue bars the entire week. Treasury bond prices saw the \u201cNoGo\u201d trend continue with a week of strong purple bars.\u00a0U.S. commodities saw the \u201cGo\u201d trend continue this wek and at the end of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11474","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\/11474","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=11474"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11475"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}