GoNoGo Charts combine a broad scope of the most widely used technical indicators to provide a weight of the evidence perspective on Trend, Momentum, Volume and Volatility. Within the “NoGo” environment for equities many investors have “anticipatory excitement” about the potential bottom in price and a chance to buy-in aggressively. Alex and Tyler walk through multiple scenarios – both bullish and bearish – to explore what signals would need to be present on GoNoGo Charts for new long opportunities. Specifically within the $XLC communications sector and the chart of Netflix $NFLX, the markets reached an inflection point, but rolled over to the downside. Whereas Chinese and Hong Kong ETFs MCHI and EWH have shown absolute and relative “Go” trends against the S&P500 on a daily timeframe. Starting from a top-down analysis of Gold, USD, and Treasury Yields Alex and Tyler explore many of the headwinds for equity investors.
Join Alex and Tyler Friday, July 15 at 2pm for a discussion of Relative Strength at the Wealth365 Virtual Investment Conference – www.Wealth365.com/gonogo