{"id":9245,"date":"2024-09-10T00:04:42","date_gmt":"2024-09-10T00:04:42","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/10\/equities-say-go-fish-how-healthy-are-the-markets\/"},"modified":"2024-09-10T00:04:42","modified_gmt":"2024-09-10T00:04:42","slug":"equities-say-go-fish-how-healthy-are-the-markets","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/10\/equities-say-go-fish-how-healthy-are-the-markets\/","title":{"rendered":"Equities Say \u201cGo Fish\u201d; How \u201cHealthy\u201d are the Markets?"},"content":{"rendered":"
\n

Good morning and welcome to this week\u2019s Flight Path. Equities flashed an uncertain \u201cGo Fish\u201d bar at the end of the week as the markets became even more unsettled. Treasury bond prices remained in a \u201cGo\u201d trend and saw that trend was strong for almost all of last week.\u00a0U.S. commodity index remained in a \u201cNoGo\u201d painting strong purple bars the entire week and it was no picnic for the dollar either. The greenback saw the \u201cNoGo\u201d continue and the week ended with a couple of purple bars.<\/p>\n

$SPY Falls Out of \u201cGo\u201d Trend<\/h4>\n

The GoNoGo chart below shows that after seeing trend weakness with aqua bars the week ended with an amber \u201cGo Fish\u201d bar.\u00a0This most recent \u201cGo\u201d move was unable to set a new higher high before the GoNoGo Trend indicator painted a \u201cGo Fish\u201d bar of uncertainty.\u00a0We look at the oscillator panel and see that after briefly testing the zero level from above GoNoGo Oscillator fell into negative territory on heavy volume. This inability to find support at zero was a concern for the \u201cGo\u201d trend.<\/p>\n<\/p>\n

The longer time frame chart shows that last week was a bad one.\u00a0However, we still see that the trend is a \u201cGo\u201d painting blue bars.\u00a0We can see that price hasn\u2019t made a new higher high but the trend remains and GoNoGo Oscillator is in positive territory at a value of 2.\u00a0We will watch to see as the oscillator gets closer to zero if it finds support at that level.<\/p>\n<\/p>\n

Treasury Yields Stay in \u201cNoGo\u201d Trend<\/strong><\/p>\n

Treasury bond yields painted strong purple \u201cNoGo\u201d bars this week and we saw a sharp fall that saw a challenge of recent lows.\u00a0In the oscillator panel, we see that a Max GoNoGo Squeeze was broken to the downside, with GoNoGo Oscillator falling into negative territory.\u00a0This tells us that momentum is surging in the direction of the underlying \u201cNoGo\u201d trend and so we see a NoGo Trend Continuation Icon (red circle) in the above panel.<\/p>\n<\/p>\n

The Dollar\u2019s \u201cNoGo\u201d Remains<\/h4>\n

As strong purple bars return we see that the U.S. dollar has made a new lower low.\u00a0GoNoGo Trend shows that trend strength returned at the end of the week and so the weight of the evidence tells us that the \u201cNoGo\u201d trend is in full force.\u00a0If we look at the oscillator panel, we see that GoNoGo Oscillator has rallied to test the zero line from below.\u00a0It has remained stuck at that level for several bars and so we see a GoNoGo Squeeze building.\u00a0As we see heavy volume, it will be important to watch for the direction of the break of the GoNoGo Squeeze.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good morning and welcome to this week\u2019s Flight Path. Equities flashed an uncertain \u201cGo Fish\u201d bar at the end of the week as the markets became even more unsettled. Treasury bond prices remained in a \u201cGo\u201d trend and saw that trend was strong for almost all of last week.\u00a0U.S. commodity index remained in a \u201cNoGo\u201d […]<\/p>\n","protected":false},"author":0,"featured_media":9246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9245","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\/9245","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=9245"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/9245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/9246"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=9245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=9245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=9245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}