What is clear about the US Equity markets' trend is that it is down. A series of lower highs and lower lows despite the tremendous volatility of last week. GoNoGo Oscillator is testing the zero-line from below. And, while the trend condition is in its weaker pink form, it is still a "NoGo."
This week, Alex and Tyler discuss the commodities arena with a view to metals & mining, agricultural commodities and of course the energy complex which is surging higher on $110/barrel oil. In fact, the metals and mining industry is performing solidly on both an absolute and relative basis.
In today’s show, Alex and Tyler look at $XME/SPY - the relative ratio of the metals and mining ETF against the S&P 500 showing a strong week of relative gains above prior resistance on strong blue "Go" trend conditions. GoNoGo Oscillator has rallied positive after months of indecision at the zero-line.