Good morning and welcome to this week’s Flight Path. Equities continue their path out of the “NoGo” correction. This week we saw amber “Go Fish” bars over the second half of the week. GoNoGo Trend shows that the trend in treasury bond prices saw strength with strong blue bars. U.S. Commodities index remained in the “NoGo” trend but continue to show weakness. The dollar as well, saw weak pink “NoGo” bars at the end of the week. $SPY Rallies and Indicator Paints “Go Fish” Bars On Thursday, price gapped higher and GoNoGo Trend painted more “Go Fish” bars as the week came to a close. There was much enthusiasm this week and we are fast approaching an interim high. GoNoGo Oscillator has broken away from the zero line and out of a small GoNoGo Squeeze into positive territory. With positive momentum, we will watch to see if this gives price the push it needs to enter a…
Wall Street rallied Thursday morning as July retail sales jumped 1%—triple what experts expected. Meanwhile, jobless claims dropped, and…
The Silver Cross Index measures the number of stocks that have a 20-day EMA above the 50-day EMA, or…
In this video from StockCharts TV, Julius assesses various rotations using Relative Rotation Graphs, starting at asset class level…
When the general market is recovering from a pullback, there can be great opportunities to buy on the dip.…
In this edition of StockCharts TV‘s The Final Bar, Dave recaps another strong up day for growth leadership names, with ULTA…
Stronger than Expected The recent rally out of the August 5th low is definitely stronger than I had anticipated.…
In this video from StockCharts TV, Julius assesses various rotations using Relative Rotation Graphs, starting at asset class level…
Cooling July inflation data may have been what the doctor ordered to perk up investor sentiment; the recession fears…