Good morning and welcome to this week’s Flight Path. The “Go” trend in equities continued again this past week and we saw a full week of uninterrupted bright blue bars. Treasury bond prices painted “Go” bars and the week ended with strong blue bars. U.S. commodities also remained in a “Go” trend with the indicator painting strong blue bars. The dollar likewise was able to hold on to its trend but we saw a string of weaker aqua “Go” bars this week. $SPY Sees Another Strong week of “Go” bars The GoNoGo chart below shows that price continued to rally this week as the indicator painted nothing but strong blue “Go” bars again. We do see a Go Countertrend Correction Icon (red arrow) at the most recent high which warns us that price may struggle to go higher in the short term. We see that GoNoGo Oscillator has fallen out of overbought territory and is…
Looking for options trade ideas? In this video, Tony presents some of the best options trading strategies! After discussing…
Despite attempts to break higher, Tractor Supply Co. (TSCO) may be setting up for a potential move lower. Recent…
Today Carl looks at the 26 indexes, sectors and groups in a CandleGlance to see how the indexes stack…
The secret sauce of 1-2-3 investing is quite simple: don’t skip Step 2. Far too many investors who’ve succeeded in…
Industrials (XLI) benefited greatly from the “Trump Trade”, but fell back to digest the gap up rally. It rallied…
Could we see a short-term shift towards defensive sectors? Real estate? Utilities? I haven’t uttered these words in awhile.…
After a broad market review, Mary Ellen shares strategies for trading pull backs and breakouts in stocks. Highlights include…