BEER Stocks: Own What You Know | GoNoGo Charts (05.11)
GoNoGo Charts • 27m
Legendary investor Peter Lynch told the world to “own what you know” – meaning to use the products and services of companies in the equity market. The Top-Down approach to market analysis yielded some interesting idea generation today. Using GoNoGo Charts on a relative strength basis, Alex and Tyler get under the hood of the benchmark equity index $SPY to see that only two sectors have held their leadership position – Communications, XLC and Consumer Staples, XLP. Within the consumer staples sector, they dig into the relative strength leaders and laggards. The Brewers Index $DJUSDB is in a strong relative “Go” trend against the sector, which is outperforming the S&P 500 index. Alex and Tyler pulled out three brewing companies with strong Go trend conditions: $CCU, $TAP, and $CABGY.
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