Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Stocks

DEFENSE TRIES TO HELP EQUITIES MOVE OFF LOWS

by May 6, 2024
May 6, 2024
DEFENSE TRIES TO HELP EQUITIES MOVE OFF LOWS

Good morning and welcome to this week’s Flight Path. The equity “NoGo” trend struggled this week as prices climbed from lows. We see an amber “Go Fish” bar as the market tries to understand the trend. GoNoGo Trend paints pink “NoGo” bars for treasury bond prices and commodity prices enter a period of uncertainty with consecutive amber “Go Fish” bars. The dollar, currently, is the only asset that is in a “Go” trend as we see the indicator painting weaker aqua bars. Lots of uncertainty this week!

Markets Uncertain of Equity Trend

The “NoGo” trend gave way to an amber “Go Fish” bar at the end of the trading week. We 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. Adding to the feeling of uncertainty is the candle itself. A doji candle is when the open and close price are the same or very close, and this is what we saw on Friday. There was no clear winner between the bulls and the bears. No 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. This is a visual representation of the tug of war between buyers and sellers at this level. We will watch closely to see in which direction the Squeeze is broken, as this will help us determine price direction.

The larger weekly chart shows that we are at an inflection point here as well. We have seen a 4th consecutive weak aqua “Go” bar as price seems to have set a new higher low. GoNoGo Oscillator has crashed over the last month to test the zero line from above where we will watch to see if it finds support. If it does, we will see signs of trend continuation on the price chart. A break below the zero line would signal a more drawn out correction.

Rates Fall After Consolidation

This entire week saw GoNoGo Trend paint weaker aqua “Go” 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. As it dips its nose into negative territory we can say that momentum is out of step with the “Go” trend and we will watch to see if it sinks further into negative territory. If it does, then we may see trend change above. A rally back to the zero line would likely allow the “Go” trend to continue in the short term.

previous post
DP Trading Room: Two Industry Groups To Watch!
next post
Here’s My Long-Term Perspective on U.S. Stocks

Related Posts

How the S&P 500 Reaches 6500 By March...

January 18, 2025

What Would It Take For Small Caps To...

January 16, 2025

MUST SEE Updates to RRG Charts on StockCharts!

November 11, 2024

Markets Nosedive Amid Recession Fears

September 6, 2024

Equities Remain in Strong “Go” Trend as Tech...

December 9, 2024

Equities Remain in Strong “Go” Trend, Powered by...

September 23, 2024

Opportunities in Industrials and Materials

September 27, 2024

BUY Signals Continue to Diminish

February 16, 2024

Week Ahead: Nifty Creates Resistance In This Zone;...

June 30, 2024

Five Key Market Ratios Every Investor Should Follow

January 22, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Key Republican vows Israel has ‘bipartisan support’ in Congress amid worsening Iran conflict

      June 18, 2025
    • Thune warns Iran should return to negotiating table ‘if they’re smart’

      June 18, 2025
    • Alleged Chinese scheme to influence 2020 election for Biden being probed by FBI, Senate Judiciary Committee

      June 17, 2025
    • Homeland Security Secretary Kristi Noem hospitalized after allergic reaction

      June 17, 2025
    • Key Republican calls for emergency funding to Israel amid worsening Iran conflict

      June 17, 2025
    • American citizen killed in Russian attack on Kyiv, State Department confirms

      June 17, 2025

    Categories

    • Business (1,268)
    • Politics (6,012)
    • Stocks (904)
    • World News (457)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.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 © 2024 insidersadvisor.com | All Rights Reserved