U.S. markets continue to sell off as the picture of the asset classes change. Stocks join bond prices in a strong “NoGo” as commodities and and the dollar continue to maintain their “Go” trends.
In this week’s market recap, Alex and Tyler look at the technology sector’s woes and unpack the charts of Sony Corp to look for opportunities in this “NoGo”. They also look at utilities where there has been some leadership. The show finishes with a look at the darling of the news this week, Twitter.
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...
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....
