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 ($TNX) decisively broke out above July resistance on strong “Go” conditions. Higher rates have been headwinds for equities as investors digest further rate hikes from the Fed. Similarly, the US Dollar index (UUP) gapped higher today, Thursday September 1, 2022 accelerating the trend towards highs last seen in 2002. Oil (USO) is in a strong “NoGo” and diversified commodities (USCI) have fallen out of the Go trend to a neutral amber bar today.
Alex and Tyler review the important macro forces influencing equity performance this week. As rising rates resume and the dollar churns higher, short-term headwinds for risk assets deliver consolidation within our recent “Go” trend. The blended weight of the evidence continue to paint “Go” trend ...
As US Equity indices broke through overhead supply, trend conditions strengthened to strong blue “Go” bars. This week Alex and Tyler review the intermarket headwinds for risk assets including treasury rates ($TNX), the US Dollar index ($UUP) and high cost of oil ($USO) which have now all fallen i...
In this episode Alex and Tyler talk about how the recent rally in risk assets has reached its first hurdle. They also share that the strength of recent Go trends for the S&P 500, Growth sectors like Information Technology ($XLK) and Consumer Discretionary ($XLY), and even Bitcoin are at overh...
