Another interesting week in the markets! We can see that the trends remain unchanged. "Go" trends persist in Equities, commodities, the dollar and bitcoin. What is of note however is that only the greenback's trend is painting strong blue bars. There is weakness in the trend of equities as we can see by the paler aqua bars. Price will need to find support over the next several sessions if we are to see a new higher high. The speculation of even more significant rate hikes is having an impact on the dollar as it continues to strengthen.
Alex walks through the charts of the week and spots opportunities in industries likely to outperform. Companies that are set to perform well as the dollar remains strong are those companies based outside the U.S. but that do business with us. Agricultural commodities such as wheat also look strong, and so Alex takes a look at one of the biggest companies in that space.
As the 10-yr treasury yield reaches 2.6% and Fed minutes point to a far more aggressive stance by many central bank governors, $TNX presents a critical inflection point on a multi-decade basis. Going back to 1981, the steady downward sloping trendline has presented resistance over and over again....
Alex & Tyler take a look at the cross-asset GoNoGo Heat Map® for a sense of overall bullish and bearish trends this week. The top panel shows that U.S. equities reversed the trend last week into "Go" conditions (aqua bar to end the week). It has been an impressive rally over the last two week...
The market rally over the last 10 days has been impressive. A huge relief to investor portfolios beaten down in 2022 YTD. The question we seek to answer this week is whether the safe haven trading was all for naught? Did pessimistic sentiment get overplayed? Gold was down nearly 6.5% off the Marc...
