With Equities recovering this week, Alex and Tyler look at what they would like to see happen from a momentum perspective to have faith in the “Go” trend. Even with the “Go” in place, it is the defensive, not the offensive players, that are on the field as sectors such as materials and utilities continue to outperform those such as technology on a relative basis as seen on the GoNoGo Sector RelMap. That being the case, Alex walks through specific GoNoGo Charts of technology, Netflix, materials, U.S. Steel, utilities and NRG.
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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 ca...
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...
