Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend remain strong with an uninterrupted week of strong blue “Go” bars. Treasury bond prices remained in the “Go” trend as well but we saw weaker aqua bars as the week ended. U.S. commodities returned to a “Go” trend but the indicator painted weaker aqua bars this week. The dollar held on to its strong “NoGo” trend with purple bars. $SPY Hits New Highs in “Go” Trend The GoNoGo chart below shows that this week the “Go” trend remained strong as we saw blue bars all week. Price rallied from the last low to set a new higher high which is a good sign for the bulls. GoNoGo Oscillator remained in positive territory and volume increased as we saw it climb further from the zero line. Now, with a “Go” trend in place and momentum in positive territory but not yet overbought,…
If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says…
In today’s free DP Trading Room Carl reviews the charts of two new members to the SP500, Dell (DELL)…
If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says…
If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says…
Sentiment indicators are contrarian, meaning that when the majority of investors are bullish on the a market, it is…
If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says…
In this StockCharts TV video, Mary Ellen reviews the broader markets after last week’s rate-cut induced rally. She also shares…