GoNoGoCharts

GoNoGoCharts

What a run Microsoft has been on! The GoNoGo Trend has highlighted the “Go” trend that has been in place since the 14th of April. The ebb and flow of the move has been painted *bright blue and pale blue as price surges and corrects within the trend. After another higher high, price has weakened (pale blue bars) and if the trend is to continue we’d expect a...

GoNoGoCharts

It looks as though Bitcoin has fallen asleep. Since failing several times in the last month or two to break and stay above 10,000, the cryptocurrency has continued to consolidate with less and less *volatility and very little price movement. We became *bearish on the 25th of June when the GoNoGo Trend started to paint “NoGo” bars all while the GoNoGo Oscillator...

GoNoGoCharts

The GoNoGo Squeeze was created to show shrinking *volatility. Analysts often expect a directional move to come after such a squeeze. The chart above is the daily GoNoGo Squeeze chart of the EURUSD pair. 
We saw a period of reduced *volatility highlighted by the extended climbing grid of the Squeeze indicator (I have underlined this with a yellow line). The...

GoNoGoCharts

This is a 4hr GoNoGo Chart of Ford’s equity price. As we can see, it is in a “NoGo” trend since 6/23, as depicted by the purple and pink NoGo bars. On a recent surge, the GoNoGo Oscillator is testing zero from below, and it did make a foray into positive territory a few bars ago. There is also a clustering of support and resistance from prior price action around...

GoNoGoCharts

Crude oil futures are testing support on the GoNoGo Oscillator. The GoNoGo Trend is still a “Go” but we are seeing weakness in the paler blue bars. 
 As the GoNoGo Oscillator rides the zero line we will look to see if it can bounce back into positive territory signaling a continuation of the “Go” trend or whether price will struggle to maintain the “Go”...

GoNoGoCharts

Nokia’s “Go” trend is being tested. The quick retracement from the highs of this current rally show the GoNoGo Trend painting paler blue, weaker trend bars. The recent high was not confirmed by the GoNoGo Oscillator as we see lower highs in the lower panel. Price is also testing support from what many would consider a broadening formation (megaphone), with...

GoNoGoCharts

Worried about the stock market and if it can continue higher after this impressive rally since the lows of March? GoNoGo Charts sees a “Go” trend emerge on the iShares 20 year treasury bond fund. Perhaps we are seeing a movement of money from stocks to bonds, in a bet to hedge against a stock market downturn. The GoNoGo chart above shows that the GoNoGo...

GoNoGoCharts

When analyzing the Euro, GoNoGo charts shows the currency at a critical point. The “Go” trend that has seen a nice rise since the end of May has been consolidating sideways for several weeks. The GoNoGo Oscillator is riding the zero line, and we see a lengthy Squeeze. 
It is a waiting game to see whether the Euro strengthens or weakens against the Dollar.
If the...

GoNoGoCharts

This GoNoGo Chart of Tesla’s daily prices demonstrates the value of the GoNoGo Oscillator and its interaction with the zero line. The GoNoGo Trend indicator found the “Go” trend that we have been in since mid April and every time the stock has paused for breath the GoNoGo Oscillator has fallen to the zero line. 
Each time the Oscillator has rallied off the zero...

GoNoGoCharts

It’s been a wild ride for Facebook over the last few days. However, the volatility and price drops associated with the looming ad boycott were not enough to change the trend from “Go” to “NoGo”. We did see a couple of amber bars, signaling that the strength of the “Go” trend was being tested. As the GoNoGo Trend was struggling to paint “Go” bars, the GoNoGo...

GoNoGoCharts

DAX index has been in a “Go” trend since the end of April, rallying strongly for a few months. After hitting a high in early June, GoNoGo Charts displayed a Counter Trend Correction Arrow (red) indicating price had swung too quickly in one direction, and we have been consolidating sideways since. This period of sideways movement has seen smaller price movement...

GoNoGoCharts

GoNoGo Charts are painting a *bearish picture for AMD. Trading the highs and lows of the *rectangle that the stock has been in would have served you well over the last couple of months. This time though, with price trading down to the lows of the consolidation, the GoNoGo Trend indicator is suggesting that the trend has changed to “NoGo”. This shift was noted on...

GoNoGoCharts

GoNoGo Oscillator has failed to find support at the zero line and has dropped into negative territory for the first time since March 25th! Price appears to have set a lower high and is struggling to maintain the pace of the “Go” Trend that it is in. 
The GoNoGo Oscillator should be able to rally off zero after any correction in a “Go” trend and so the inability...

GoNoGoCharts

The GoNoGo Trend has flagged a “NoGo” on Bitcoin! After a steep rise that started at under 650 in mid April and climbed to over 10400, the crypto has tried and failed to break through resistance. The GoNoGo Trend over the past few weeks has been unable to maintain its “Go” Trend and has painted several amber, neutral bars. The neutral bars indicate an absence...

GoNoGoCharts

USOIL is testing support at zero on the GoNoGo Oscillator. Remember, when in a trend, momentum should rise and fall but not change from positive to negative in an up trend if that trend is healthy. The GoNoGo Oscillator therefore gives the analyst an objective level of support (or resistance in a down trend) at the zero line. Here we see USOIL in a blue “Go”...

GoNoGoCharts

The squeeze is on for the S&P 500. The GoNoGo Squeeze indicator is in the lower panel and you can see that the climbing Squeeze grid has risen to its extreme. 
That suggests that there has been reduced momentum over the past several bars with the GoNoGo Oscillator riding the zero line.
Currently, the trend in price is a “Go” but we’ll need to see the GoNoGo...

GoNoGoCharts

GoNoGo Charts sees gold making another push to get above the overhead resistance that is strong at 1750. The trend is a “Go” and the GoNoGo Oscillator shows that momentum is positive and rising. If the precious metal can consolidate above this resistance and stay in the “Go” trend that would all be very bullish. What are the GoNoGo Indicators? The GoNoGo Trend...

GoNoGoCharts

Southwestern Energy has fallen out of its “Go” trend on a daily chart. The GoNoGo Trend indicator is painting amber bars as it falls below an upward sloping trend line. 
 At the same time, the GoNoGo Oscillator shows momentum breaking below zero with heavy volume (dark blue for the oscillator line), confirming the change in trend in price. If this continues we...