{"id":9637,"date":"2024-09-17T00:03:49","date_gmt":"2024-09-17T00:03:49","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/17\/equity-markets-rebound-as-discretionary-out-performs\/"},"modified":"2024-09-17T00:03:49","modified_gmt":"2024-09-17T00:03:49","slug":"equity-markets-rebound-as-discretionary-out-performs","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/17\/equity-markets-rebound-as-discretionary-out-performs\/","title":{"rendered":"Equity Markets Rebound As Discretionary Out-Performs"},"content":{"rendered":"
\n

Good morning and welcome to this week\u2019s Flight Path. Equities saw the \u201cGo\u201d trend return after a triplet of uncertain \u201cGo Fish\u201d bars.\u00a0We saw blue \u201cGo\u201d bars from Wednesday on.\u00a0Treasury bond prices remained in a strong \u201cGo\u201d trend painting blue bars the entire week.\u00a0U.S. commodities remained in a \u201cNoGo\u201d trend this week but as the week came to a close we saw a couple of weaker pink bars.\u00a0The dollar also saw its \u201cNoGo\u201d trend continue and after a string of weaker pink bars, we saw a strong purple \u201cNoGo\u201d bar to end the week.<\/p>\n

$SPY Recovers From Uncertainty<\/h4>\n

The GoNoGo chart below shows that after several amber \u201cGo Fish\u201d bars representing uncertainty the \u201cGo\u201d trend found its feet again this past week.\u00a0Strong blue \u201cGo\u201d bars returned on Wednesday and we saw prices climb close to prior highs once again.\u00a0If we turn our attention to the oscillator panel we can see that the oscillator broke through the zero line into positive territory after having spent a few days below that level.\u00a0Now, with momentum resurgent in the direction of the \u201cGo\u201d trend, we see a Go Trend Continuation Icon (green circle) under the price bar.\u00a0We will watch to see if this gives price the push it needs to make a new higher high.<\/p>\n<\/p>\n

The longer time frame chart shows a strong recovery last week.\u00a0Price made up all of the lost ground and closed near the very top of the week\u2019s trading range.\u00a0Now, with another strong blue \u201cGo\u201d bar and momentum in positive territory but not yet overbought, we will watch to see if price can climb further from here.<\/p>\n<\/p>\n

\u201cNoGo\u201d Trend Continues in Force for Treasury Rates<\/strong><\/p>\n

Treasury bond yields painted strong purple \u201cNoGo\u201d bars again this week and we saw a new lower low as the August low provided little support.\u00a0GoNoGo Oscillator in the lower panel was rallying toward the zero line but has turned around and is falling once again toward oversold territory.\u00a0Momentum is well and truly on the side of falling prices.<\/p>\n<\/p>\n

The Dollar\u2019s \u201cNoGo\u201d Trend Survives Another Week<\/h4>\n

A strong purple \u201cNoGo\u201d bar returned at the end of the week after 4 straight weaker pink bars.\u00a0Price failed to make a new higher high and rolled over mid week.\u00a0Now, with a strong purple bar, we will look to see if price falls further.\u00a0GoNoGo Oscillator is out of step with the trend which is interesting.\u00a0Having broken out of a Max GoNoGo Squeeze into positive territory GoNoGo Oscillator is now at a value of 1.\u00a0We will watch to see if this halts price\u2019s move lower.<\/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 return after a triplet of uncertain \u201cGo Fish\u201d bars.\u00a0We saw blue \u201cGo\u201d bars from Wednesday on.\u00a0Treasury bond prices remained in a strong \u201cGo\u201d trend painting blue bars the entire week.\u00a0U.S. commodities remained in a \u201cNoGo\u201d trend this week but as the […]<\/p>\n","protected":false},"author":0,"featured_media":9638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9637","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\/9637","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=9637"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/9637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/9638"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=9637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=9637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=9637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}