In this week’s GoNoGo Show, Alex and Tyler are reminded of the core tenet of technical analysis: prediction, presumption, forecasting and estimation are fertile ground for behavioral bias and emotional baggage. The scientific money manager simply reacts responsibly to market moves looking at the weight of the evidence available.
Multiple interpretations of the US stock indices exist depending on your timeline, however the continued “NoGo” trend conditions on the daily and weekly charts are only further confirmed by macro forces like rising interest rates ($TNX) and the persistent “Go” trend in the US Dollar index (UUP). Interestingly this week, the weekly chart of $USO has fallen from aqua to amber suggesting a neutral “Go Fish” condition in oil.
Relative and absolute trend performance from the Utilities sector ($XLU) remains in a “Go” condition. Alex and Tyler review a couple utilities companies as well as the constructive evidence appearing in the Financials Sector trend.
Tyler and Alex take a top down approach to the markets using GoNoGo Charts. Starting with the macro drivers such as Treasury rates, oil and the dollar and moving into a relative strength Sector RelMap, they analyze leaders and laggards using the GoNoGo concepts of trend, momentum, volume and vol...
GoNoGo Charts allow investors to take the emotion and guesswork out of investing. Alex and Tyler examine the weight of the evidence and use GoNoGo Charts to react responsibly to market trends. S&P 500 trends are in NoGo conditions across weekly, daily, and intraday timeframes. US Interest rates (...
Alex and Tyler review the important macro forces influencing equity performance this week. As rising rates resume and the dollar churns higher, short-term headwinds for risk assets deliver consolidation within our recent “Go” trend. The blended weight of the evidence continue to paint “Go” trend ...
