Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Stocks

Equity Markets Rebound As Discretionary Out-Performs

by admin September 19, 2024
September 19, 2024
Equity Markets Rebound As Discretionary Out-Performs

Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend return after a triplet of uncertain “Go Fish” bars. We saw blue “Go” bars from Wednesday on. Treasury bond prices remained in a strong “Go” trend painting blue bars the entire week. U.S. commodities remained in a “NoGo” trend this week but as the week came to a close we saw a couple of weaker pink bars. The dollar also saw its “NoGo” trend continue and after a string of weaker pink bars, we saw a strong purple “NoGo” bar to end the week.

$SPY Recovers From Uncertainty

The GoNoGo chart below shows that after several amber “Go Fish” bars representing uncertainty the “Go” trend found its feet again this past week. Strong blue “Go” bars returned on Wednesday and we saw prices climb close to prior highs once again. If 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. Now, with momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) under the price bar. We will watch to see if this gives price the push it needs to make a new higher high.

The longer time frame chart shows a strong recovery last week. Price made up all of the lost ground and closed near the very top of the week’s trading range. Now, with another strong blue “Go” bar and momentum in positive territory but not yet overbought, we will watch to see if price can climb further from here.

“NoGo” Trend Continues in Force for Treasury Rates

Treasury bond yields painted strong purple “NoGo” bars again this week and we saw a new lower low as the August low provided little support. GoNoGo Oscillator in the lower panel was rallying toward the zero line but has turned around and is falling once again toward oversold territory. Momentum is well and truly on the side of falling prices.

The Dollar’s “NoGo” Trend Survives Another Week

A strong purple “NoGo” bar returned at the end of the week after 4 straight weaker pink bars. Price failed to make a new higher high and rolled over mid week. Now, with a strong purple bar, we will look to see if price falls further. GoNoGo Oscillator is out of step with the trend which is interesting. Having broken out of a Max GoNoGo Squeeze into positive territory GoNoGo Oscillator is now at a value of 1. We will watch to see if this halts price’s move lower.

0
FacebookTwitterGoogle +Pinterest
previous post
Investors Hesitant Ahead of Fed Meeting: How to Prepare
next post
An Indicator to Reduce Whipsaws and Ride Trends

Related Posts

Silver Cross Index Tops Beneath Signal Line on...

March 29, 2025

Everyone Talks About Leaving a Better Planet for...

June 7, 2025

This Is How I Crush The Benchmark S&P...

February 16, 2025

Stock Market Volatility: Pain Points, Bright Spots, and...

April 11, 2025

From Summer Doldrums to Year-End Surge: How to...

May 31, 2024

Bullish Percent Index Confirms Short-Term Rebound

April 15, 2025

Wall Street Sees No Threat of Inflation

December 29, 2024

Moving from Thrust Signals to a Bull Market

May 24, 2025

Master The Most Underutilized Options Income Strategy: Cash-Secured...

May 16, 2024

S&P 500 Sets New Record Highs Because of...

July 17, 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

    • Israel to deploy first combat-ready laser weapon system for operational air defense

      October 16, 2025
    • Pentagon advisor accused of hoarding classified docs placed on leave by prominent DC think tank

      October 16, 2025
    • US military to oversee next phase of peace deal from coordination base in Israel

      October 16, 2025
    • House Republicans say GOP holds winning hand in shutdown fight with Democrats

      October 16, 2025
    • Judge temporarily blocks Trump admin layoffs of thousands of federal workers during government shutdown

      October 16, 2025

    Categories

    • Business (1,119)
    • Investing (3,260)
    • Politics (3,980)
    • Stocks (1,155)
    • 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