{"id":4002,"date":"2024-05-07T00:03:56","date_gmt":"2024-05-07T00:03:56","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/07\/defense-tries-to-help-equities-move-off-lows\/"},"modified":"2024-05-07T00:03:56","modified_gmt":"2024-05-07T00:03:56","slug":"defense-tries-to-help-equities-move-off-lows","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/07\/defense-tries-to-help-equities-move-off-lows\/","title":{"rendered":"DEFENSE TRIES TO HELP EQUITIES MOVE OFF LOWS"},"content":{"rendered":"<div>\n<p>Good morning and welcome to this week\u2019s Flight Path.\u00a0The equity \u201cNoGo\u201d trend struggled this week as prices climbed from lows.\u00a0We see an amber \u201cGo Fish\u201d bar as the market tries to understand the trend.\u00a0GoNoGo Trend paints pink \u201cNoGo\u201d bars for treasury bond prices and commodity prices enter a period of uncertainty with consecutive amber \u201cGo Fish\u201d bars.\u00a0The dollar, currently, is the only asset that is in a \u201cGo\u201d trend as we see the indicator painting weaker aqua bars. Lots of uncertainty this week!<\/p>\n<\/p>\n<h4>Markets Uncertain of Equity Trend<\/h4>\n<p>The \u201cNoGo\u201d trend gave way to an amber \u201cGo Fish\u201d bar at the end of the trading week.\u00a0We know, that when the amber bar is painted it is because there are not enough criteria being met behind the scenes for the GoNoGo Trend indicator to identify a trend in either direction, Go or NoGo.\u00a0Adding to the feeling of uncertainty is the candle itself.\u00a0A doji candle is when the open and close price are the same or very close, and this is what we saw on Friday.\u00a0There was no clear winner between the bulls and the bears.\u00a0No surprise then, when we look at the oscillator panel we see the GoNoGo Oscillator riding the zero line and a Max GoNoGo Squeeze in effect.\u00a0This is a visual representation of the tug of war between buyers and sellers at this level.\u00a0We will watch closely to see in which direction the Squeeze is broken, as this will help us determine price direction.<\/p>\n<\/p>\n<p>The larger weekly chart shows that we are at an inflection point here as well.\u00a0We have seen a 4th consecutive weak aqua \u201cGo\u201d bar as price seems to have set a new higher low.\u00a0GoNoGo Oscillator has crashed over the last month to test the zero line from above where we will watch to see if it finds support.\u00a0If it does, we will see signs of trend continuation on the price chart.\u00a0A break below the zero line would signal a more drawn out correction.<\/p>\n<\/p>\n<p><strong>Rates Fall After Consolidation<\/strong><\/p>\n<p>This entire week saw GoNoGo Trend paint weaker aqua \u201cGo\u201d bars as price fell from its most recent high. We turn our eye to the oscillator panel and see that GoNoGo Oscillator has failed to find support at that level.\u00a0As it dips its nose into negative territory we can say that momentum is out of step with the \u201cGo\u201d trend and we will watch to see if it sinks further into negative territory. If it does, then we may see trend change above.\u00a0A rally back to the zero line would likely allow the \u201cGo\u201d trend to continue in the short term.<\/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 struggled this week as prices climbed from lows.\u00a0We see an amber \u201cGo Fish\u201d bar as the market tries to understand the trend.\u00a0GoNoGo Trend paints pink \u201cNoGo\u201d bars for treasury bond prices and commodity prices enter a period of uncertainty with consecutive amber \u201cGo [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4002","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\/4002","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=4002"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4003"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}