{"id":12612,"date":"2024-11-26T00:01:38","date_gmt":"2024-11-26T00:01:38","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/26\/the-finances-look-good-for-equity-trend\/"},"modified":"2024-11-26T00:01:38","modified_gmt":"2024-11-26T00:01:38","slug":"the-finances-look-good-for-equity-trend","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/26\/the-finances-look-good-for-equity-trend\/","title":{"rendered":"The Finances Look Good For Equity Trend"},"content":{"rendered":"
\n

Good morning and welcome to this week\u2019s Flight Path. The \u201cGo\u201d trend in equities has proved to be resilient as we saw strong blue \u201cGo\u201d bars return this week.\u00a0Treasury bond prices remained in a \u201cNoGo\u201d although this week we did see weaker pink bars as the trend showed weakness. U.S. commodities painted strong blue \u201cGo\u201d bars this entire week as the \u201cGo\u201d trend returned.\u00a0The dollar has looked strong for some time and we see no signs of this changing as GoNoGo Trend paints another week of uninterrupted strong blue bars.<\/p>\n

$SPY Paints Strong Blue \u201cGo\u201d Bars as Strength Returns<\/h4>\n

The GoNoGo chart below shows that price rallied nicely after falling from its Go Countertrend Correction Icon (red arrow).\u00a0Price found support at prior high levels and we looked at the oscillator panel to see if GoNoGo Oscillator would find support at the zero line.\u00a0It did after a few bars of a GoNoGo Squeeze and is now rebounding into positive territory.\u00a0With momentum resurgent in the direction of the \u201cGo\u201d trend we will watch for price to make an attempt at new highs.<\/p>\n<\/p>\n

The \u201cGo\u201d trend has remained strong on the longer term chart as we see strong blue bars that followed the Go Countertrend Correction Icon and price has returned to test levels that would be new highs.\u00a0GoNoGo Oscillator has remained in positive territory and is at a value of 3.\u00a0\u00a0With momentum confirming trend direction we will look to see if price can consolidate at these levels and move higher.<\/p>\n<\/p>\n

Treasury Rates Show Weakness but Remain in \u201cGo\u201d Trend<\/strong><\/p>\n

Treasury bond yields painted weaker aqua bars this week as price fell from recent highs.\u00a0The \u201cGo\u201d trend remains in place but this is a show of weakness.\u00a0We turn our attention to the oscillator panel and note that it is testing the zero line from above.\u00a0We will watch to see if it finds support at this level which it should if the trend is to remain healthy.<\/p>\n<\/p>\n

The Dollar Hit New High Again<\/h4>\n

Another week of strong blue \u201cGo\u201d bars sees the greenback make another higher high.\u00a0We are now seeing a Go Countertrend Correction Icon (red arrow) as momentum wanes a touch.\u00a0With momentum falling and at a value of 3, it will be important to watch to see if it finds support at zero if it gets there.\u00a0We will need to see momentum stay at or above the zero level for the \u201cGo\u201d trend to remain healthy.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good morning and welcome to this week\u2019s Flight Path. The \u201cGo\u201d trend in equities has proved to be resilient as we saw strong blue \u201cGo\u201d bars return this week.\u00a0Treasury bond prices remained in a \u201cNoGo\u201d although this week we did see weaker pink bars as the trend showed weakness. U.S. commodities painted strong blue \u201cGo\u201d […]<\/p>\n","protected":false},"author":0,"featured_media":12613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12612","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\/12612","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=12612"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12613"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}