{"id":3698,"date":"2024-04-30T00:04:15","date_gmt":"2024-04-30T00:04:15","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/30\/equities-climb-off-lows-with-a-push-from-aerospace-as-nogo-prevails\/"},"modified":"2024-04-30T00:04:15","modified_gmt":"2024-04-30T00:04:15","slug":"equities-climb-off-lows-with-a-push-from-aerospace-as-nogo-prevails","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/30\/equities-climb-off-lows-with-a-push-from-aerospace-as-nogo-prevails\/","title":{"rendered":"EQUITIES CLIMB OFF LOWS WITH A PUSH FROM AEROSPACE AS \u201cNOGO\u201d PREVAILS"},"content":{"rendered":"<div>\n<p>Good morning and welcome to this week\u2019s Flight Path.\u00a0The equity \u201cNoGo\u201d trend continued this week even with some relief rallies as price attempted to move higher from the recent low.\u00a0We see GoNoGo Trend painting weaker \u201cNoGo\u201d bars as the week ended.\u00a0Treasury bond prices remained embroiled in a strong \u201cNoGo\u201d trend with the indicator painting purple bars again this week.\u00a0GoNoGo Trend showed that the \u201cGo\u201d trend was able to survive in the commodity space, although we do see weakness with paler aqua bars.\u00a0The dollar, also remained in a \u201cGo\u201d trend, but also painted weaker aqua bars.<\/p>\n<\/p>\n<\/p>\n<p><strong>Equities New \u201cNoGo\u201d Shows Weakness<\/strong><\/p>\n<p>The new \u201cNoGo\u201d trend that we spotted in equities last week survived this whole week but we did see weakness as GoNoGo Trend painted several weaker pink bars. This comes as price rallied off the lows.\u00a0We will now watch the oscillator panel as GoNoGo Oscillator runs up agains the zero line from below.\u00a0We know that if this \u201cNoGo\u201d trend is to remain healthy, the zero level should provide resistance for the oscillator.\u00a0If it is turned back into negative territory then we would expect another leg down in price and an attempt at a new lower low.<\/p>\n<\/p>\n<\/p>\n<p>The larger weekly chart shows that recent price action has been enough to bring out weakness on the chart.\u00a0We see a third successive pale aqua \u201cGo\u201d bar as price falls from the recent Go Countertrend Correction Icon (red arrow).\u00a0GoNoGo Oscillator has fallen fast to the zero line and we will now watch to see if it finds support at that level.\u00a0If it does, then we will know that the \u201cNoGo\u201d trend on the daily will struggle to survive.\u00a0A break of the zero line into negative territory here though would allow the correction on the daily to last a little longer.<\/p>\n<\/p>\n<\/p>\n<p><strong>Rates See Continued Strength<\/strong><\/p>\n<p>More strong blue \u201cGo\u201d bars this week as price made a new intra week higher high.\u00a0We look now for price to consolidate at these elevated levels.\u00a0GoNoGo Oscillator is still in positive territory and no longer overbought.\u00a0We will watch to see if it approaches the zero line and what happens when it does.\u00a0\u00a0Currently, a bullish picture, as GoNoGo Trend paints strong blue \u201cGo\u201d bars and momentum is confirming the trend with GoNoGo Oscillator in positive territory.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Good morning and welcome to this week\u2019s Flight Path.\u00a0The equity \u201cNoGo\u201d trend continued this week even with some relief rallies as price attempted to move higher from the recent low.\u00a0We see GoNoGo Trend painting weaker \u201cNoGo\u201d bars as the week ended.\u00a0Treasury bond prices remained embroiled in a strong \u201cNoGo\u201d trend with the indicator painting purple [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3698","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\/3698","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=3698"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/3698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/3699"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=3698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=3698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=3698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}