{"id":11944,"date":"2024-11-05T00:01:24","date_gmt":"2024-11-05T00:01:24","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/05\/equities-hang-on-to-weaker-go-trend-as-communications-offers-a-helping-hand\/"},"modified":"2024-11-05T00:01:24","modified_gmt":"2024-11-05T00:01:24","slug":"equities-hang-on-to-weaker-go-trend-as-communications-offers-a-helping-hand","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/05\/equities-hang-on-to-weaker-go-trend-as-communications-offers-a-helping-hand\/","title":{"rendered":"Equities Hang on to Weaker \u201cGo\u201d Trend as Communications Offers a Helping Hand"},"content":{"rendered":"
\n

Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend remain in place this week but we saw weakness with a few aqua bars.\u00a0GoNoGo Trend shows that the \u201cNoGo\u201d trend strengthened at the end of the week in treasury bond prices.\u00a0U.S. commodities hung on to the \u201cGo\u201d trend and indeed we saw strength with bright blue bars.\u00a0The U.S. dollar also remained in a \u201cGo\u201d trend but the indicator paints weakness with aqua bars.<\/p>\n

$SPY Shows Weakness with a Pair of Aqua Bars<\/h4>\n

The GoNoGo chart below shows that we still have been unable to conquer the high from last month.\u00a0This week saw price gap lower and weaker aqua bars return as price fell further.\u00a0If 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 \u201cGo\u201d trend that is currently in place.<\/p>\n<\/p>\n

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.\u00a0As price approaches the last high from the summer we will watch to see if it finds support.\u00a0GoNoGo Oscillator is falling but still in positive territory so we will pay attention to what happens as it gets closer to the zero line.<\/p>\n<\/p>\n

Treasury Rates Remain in Strong \u201cGo\u201d Trend<\/strong><\/p>\n

Treasury bond yields saw the \u201cGo\u201d trend continue this week and after a couple of weaker aqua bars the week closed with strong blue \u201cGo\u201d colors after price made another higher high this week.\u00a0GoNoGo Oscillator shows that momentum is still in positive territory but no longer overbought as it falls to a value of 3.\u00a0We will look for support at the zero level if and when it gets there.<\/p>\n<\/p>\n

The Dollar Sees Weakness in \u201cGo\u201d Trend<\/h4>\n

We saw another Go Countertrend Correction Icon (red arrow) this week right after price made a new high.\u00a0Since then we have seen consecutive aqua bars that demonstrate some trend weakness.\u00a0\u00a0Price rebounded on Friday with a strong bar and so we will watch to see if the trend will strengthen as it approaches prior highs.\u00a0GoNoGo Oscillator fell sharply but turned around at a value of 1 and so is now rising at a value of 3 confirming the \u201cGo\u201d trend in the price panel.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend remain in place this week but we saw weakness with a few aqua bars.\u00a0GoNoGo Trend shows that the \u201cNoGo\u201d trend strengthened at the end of the week in treasury bond prices.\u00a0U.S. commodities hung on to the \u201cGo\u201d trend and indeed we […]<\/p>\n","protected":false},"author":0,"featured_media":11945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11944","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\/11944","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=11944"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11945"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}