In this week's edition of the GoNoGo Charts show, with US Equity Indices at critical inflection points, Alex and Tyler review the possible scenarios through GoNoGo Charts: is this a bear market counter-trend rally or the bottoming before we resume the bull market trend?
GoNoGo Charts do not forecast market outcomes, but rather help investors simplify trade decisions using the weight of the evidence in elegantly simple data visualization. As earnings season plows on, several blue-chip US equities emerged from Q4 reporting as leaders with "Go" trends intact that continued to rally this week, including Chevron and Apple Inc. From a longer view, GoNoGo Charts will show the commodities rally, which has strengthened in 2022, is truly just getting started. Obvious leadership has been found in the energy sector, $XLE, on the coattails of rocketing oil ($USO) prices. But, as a lower beta inflation hedge, Alex and Tyler review the longterm chart of a diversified agriculture ETF, $DBA, which is showing evidence of a structural "Go" trend worth watching.
This video was originally broadcast on February 3, 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.
