Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Stocks

EQUITIES HIT ALL TIME HIGHS AS TECHNOLOGY JOINS LEADERSHIP GROUPS

by admin May 21, 2024
May 21, 2024
EQUITIES HIT ALL TIME HIGHS AS TECHNOLOGY JOINS LEADERSHIP GROUPS

Good morning and welcome to this week’s Flight Path. The “Go” trend in equities is well and truly back as we saw a string of uninterrupted blue bars this week and price hit a new all time high. Treasury bond prices entered a weak “Go” trend which is perhaps bad news for rates as we’ll see in a moment due to the inverse relationship. The U.S. commodity index continued to show market uncertainty as it ended the week with another amber “Go Fish” bar. The dollar maintained its “Go” trend but we saw some weakness as this week GoNoGo Trend painted a majority of aqua bars.

$SPY Hits New All Time Highs

The “Go” trend we spied last week really took off this week as we saw a week of uninterrupted strong blue bars and price high all time highs midweek. GoNoGo Oscillator fell out of overbought territory and that caused a Go Countertrend Correction Icon to appear on the chart which tells us price may struggle to go higher in the short term. Now at a value of 4, momentum is positive and in the direction of the underlying “Go” trend. We will look for price to find support and consolidate above prior highs.

The larger weekly chart shows that after several weeks of pullback, coming after the Go Countertrend Correction Icon that we saw over a month ago, the trend has once again strengthened as GoNoGo Trend once again paints strong blue bars. GoNoGo Oscillator bounced sharply off the zero line which helped confirm the “Go” trend and with momentum resurgent in the direction of the “Go” trend we saw price hit a new high this week.

Rates Enter “NoGo”

GoNoGo Trend saw the weakness we noted last week turn into a new “NoGo” trend. After GoNoGo oscillator entered negative territory a couple of weeks ago we could infer that the “Go” trend was no longer healthy. After a long run of weaker aqua “Go” bars we saw the trend give way this week and a mix of pink and purple “NoGo” bars. Now, with GoNoGo Oscillator approaching the zero line from below, we will watch to see if this trend can hold.

Dollar Remains in “Go” but Struggles

The”Go” trend remained in place this week but we saw a majority of weaker aqua bars as price made a new lower low. GoNoGo Oscillator has been rejected by the zero line twice since first crossing into negative territory and now is steadily falling. This is a concern for the “Go” trend in this periodicity and we will watch to see if this week brings a change in technical environment.

0
FacebookTwitterGoogle +Pinterest
previous post
Progressive senator backs potential ICC arrest warrant for Netanyahu: ‘Unprecedented war’
next post
DP Trading Room: What’s Up With Semiconductors?

Related Posts

Will the S&P 500 Break 5000 by September?

July 28, 2024

Stock Market Momentum Slows Down: What This Means...

March 26, 2025

Joe Rabil’s Undercut & Rally Pattern: From DROP...

June 19, 2025

When Will the Stock Market’s Bullish Momentum Snap?...

July 11, 2024

Four Prerequisites to Improve Your Odds – A...

November 23, 2024

Homebuilding Rebound: How to Catch the Trend Early...

October 31, 2024

MUST SEE Updates to RRG Charts on StockCharts!

November 12, 2024

Thrilling Week for the Stock Market: Dow Jones...

May 18, 2024

Three Thoughts on Risk Management for October 2024

October 10, 2024

S&P 500 Breaks Key Trendline as Growth Stocks...

July 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Find Highest Probability Counter-Trend Setups

      June 26, 2025
    • Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

      June 26, 2025
    • Iran, Israel and US agree that Islamic Republic nuclear sites were ‘badly damaged’ despite leaked intel report

      June 26, 2025
    • UN’s atomic agency’s Iran policy gets mixed reviews from experts after US-Israel ‘obliterate’ nuclear sites

      June 26, 2025
    • Democratic congressman hurls profanity-laced message at Stephen Miller

      June 26, 2025

    Categories

    • Business (997)
    • Investing (2,471)
    • Politics (3,067)
    • Stocks (1,095)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved