GoNoGo Charts

Rising Rates Fuel a Fresh Rotation into Cyclicals


In this week's edition of the GoNoGo Charts show, Alex and Tyler discuss the selloff in equities, which was strong in the first trading week of the year. The continuation on Monday, Jan 10th was short-lived, offering investors yet another "buy-the-dip" opportunity at the index level. However, a sharp rise in interest rates set the context for another verse of the rotation song that has frustrated growth investors multiple times throughout 2021. On a relative basis, we can see GoNoGo Trends of the energy, financials and industrials sectors outperforming the S&P500 index. Cyclicals are once again outperforming the growth areas of the equities markets as we get through the second week of trading in 2022.

This video was originally broadcast on January 13, 2022. Click this link to watch on YouTube. You can also view new episodes - and be notified as soon as they're published - using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!

New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV.

Alex Cole
About the author: , CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals. Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies. Learn More
Tyler Wood
About the author: is the Chief Operating Officer of GoNoGo Charts and a seasoned business executive who has led the operational and business development activities of teams large and small. As an executive manager over the past 20 years, he built and brought products to market in the educational technology space and financial services industry. As the Managing Director of the CMT Association for over a decade, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Galvanizing vendors, volunteers, and demanding stakeholders around a common vision, Tyler designed and implemented policies and programming that raised the standards for professional technical analysis worldwide. Learn More
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