GoNoGoCharts

GoNoGoCharts

Pound sterling is in a “Go” trend and the GoNoGo Oscillator has been largely supported by the zero-line during this move. 
Now, we see after a slight weakening in price (aqua bars) the GoNoGo Oscillator has fallen and is riding the zero-line again.
We will need to see a rally back into positive territory and if we do then price will likely move higher in the...

GoNoGoCharts

In our Monday morning Flight Path newsletter we took a look at the S&P500 and noted that if prices were to fall to the bottom of the upward sloping trend channel, we would look at the interaction between the GoNoGo Oscillator and the zero line to see if it would find support. This week, we saw that scenario play out. The GoNoGo Oscillator fell to zero, but was...

GoNoGoCharts

MRO looks to be breaking out of a GoNoGo Squeeze to the upside while in a “Go” trend. After a period of reduced volatility that caused the GoNoGo Oscillator to ride the zero line for some time, buyers appear to have returned driving momentum positive. If price can consolidate above $7.50 look for a new high to be made.

GoNoGoCharts

Ford has entered a “NoGo” on the daily chart. After one amber “Go Fish” bar on December 31st, Monday’s price action saw the automaker trigger a “NoGo” flag. The GoNoGo Oscillator in the lower panel, indicated this might happen when it failed to hold the zero line as support on December 21st.

GoNoGoCharts

After a 500% run since the last “Go” flag mid October, price has come back from the highs near $60. The GoNoGo trend has reflected this with paler aqua bars. Price is now at levels where we saw a clustering of market activity in November and December. We will look to see if this level provides support.
The GoNo Oscillator is currently riding the zero line and...

GoNoGoCharts

Pivotal moment for GE as we see the GoNoGo Oscillator on the daily chart riding the zero line now for some time now as highlighted by the climbing grid of the GoNoGo Squeeze. We will watch to see if there is support here and if the oscillator can break out of the squeeze into positive territory which would be bullish for price. If the oscillator is unable to find...

GoNoGoCharts

Important moment for the dollar. Having fallen so far, we have been watching to see what will happen as the GoNoGo Oscillator ran up to the zero-line from below. A break above zero would indicate weakness in the “NoGo” trend and perhaps slight cause to be bullish. Rejection at the zero line however would signal that the “NoGo” trend is still firmly in place. ...

GoNoGoCharts

On December 10th we noted the GoNoGo Squeeze that had formed on FCEL, and that we should watch to see if the GoNoGo Oscillator can break out of the squeeze by rallying off zero into positive territory. We have seen that happen this week, on both the daily and the 4hr chart (seen here). As is often the case, after a period of low volatility (depicted by the...

GoNoGoCharts

Tesla stock has rallied strongly since the new “Go” trend took hold over a month ago. Today is the first day of trading with $TSLA as part of the S&P 500. Prior to its inclusion excitement pushed price to close at $695 on Friday. As we can see on the GoNoGo Chart volume has been heavy during the entirety of this run (dark blue oscillator) but on Friday volume...

GoNoGoCharts

One of the securities we highlighted in our Flight Path newsletter this week (Flight Path comes out pre-market every Monday), was Copper Mountain Mining Corp.
We noted that the relative trend in base metals was strong, and $CMMC is focused on copper mining operations in Canada. It has been in a long “Go” trend and has provided several opportunities to enter by...

GoNoGoCharts

Bitcoin is really trying hard to break out above overhead supply! We see another green low risk re-entry signal on the daily GoNoGo Chart for the prior bar. This shows that there is some bullish momentum behind the most recent move causing the GoNoGo Oscillator to rally off zero while in a “Go” trend. The GoNoGo Trend is also painting the strongest blue bars as...

GoNoGoCharts

The GoNoGo Oscillator has broken below zero which is a concern for the “Go” trend we are in.
The GoNoGo Trend indicator is also showing weakness via paler aqua bars. Price may attempt a retest of the rising trend line and resistance there would likely coincide with the oscillator getting turned away by zero. If this happens then it is likely the GoNoGo Trend...

GoNoGoCharts

In our Monday morning Flight Path newsletter, we highlighted Adams Energy as a security that could be well positioned to take advantage of the rotation that we see into the energy sector as well as the ongoing out performance of small caps. As the week draws to a close we see that price is still in its “Go” trend within a consolidation pattern that is testing the...

GoNoGoCharts

This is an interesting set up for Fuel Cell Energy. The trend is a “Go”, but we are struggling to match the recent high of the move. The top of the gap from the 2nd of December recently acted as resistance and so that will need to be cleared for there to be a rally back to $11. The GoNoGo Oscillator is riding the zero line causing the climbing grid of GoNoGo...

GoNoGoCharts

A nice set up here on the 4hr GoNoGo Chart of Palantir Tech. A strong “Go” trend has been in place since the beginning of November at a price just over $10. Having run all the way up to over $33, we have seen a pullback against the trend. This has shown some weakness with the “Go” bars painting the paler aqua color.
Concurrently, the GoNoGo Oscillator has fell...

GoNoGoCharts

In our Monday morning Flight Path newsletter, we high-lighted General Electric as a company that may perform strongly into the end of the year as the rotation in equities continues into sectors such as Industrials. This week saw price dip but end the week strongly with another bright blue “Go” bar. The GoNoGo Oscillator has also managed to stay nicely in...

GoNoGoCharts

We've seen Tesla race to new highs in the last few weeks after moving sideways before that. This chart is a weekly chart of Apple, and shows that it has yet to follow suit. However, it does seem to be trying to break out of the consolidation it has been in. The GoNoGo Trend is a solid "Go" and the GoNoGo Oscillator so far has been able to find support at the...

GoNoGoCharts

Articles abound with stories of Bitcoin target projections of over 300,000. Projecting so far out is an interesting intellectual exercise. But, let's look at a long term chart of Bitcoin using monthly data. If this is an ascending triangle with an upside breakout, and if price can get above the all time high that is the high of the pattern, then a projected...