GoNoGo Charts

TWTR Analysis + New Video: S&P Hovering at Critical Inflection Point

Alex Cole

Alex Cole

CEO & Chief Market Strategist, GoNoGo Charts
Tyler Wood

Tyler Wood


Twitter (TWTR) has been in a strong "NoGo" trend since October of last year. While there hasn't been much for bulls to get excited about, we are looking at a pause in the bearish price activity. The GoNoGo Oscillator has been riding the zero line as price rallied these past few weeks. This has caused the climbing grid of the GoNoGo Squeeze to reach its extreme and stay there. This prolonged period of reduced volatility makes us anticipate a break out of the squeeze. We will be watching to see if GoNoGo Oscillator once again gets ultimately rejected by the zero line, in which case we could expect further price deterioration. If, however, it breaks out of the squeeze into positive territory, then that would be a sign that the "NoGo" trend is in trouble.


In this week's edition of the GoNoGo Charts show, the S&P 500 is still hovering at a critical inflection point. We saw overall "NoGo" conditions for the daily period trend of the S&P 500, but the GoNoGo Oscillator breaking through the zero line after a max squeeze was an encouraging sign for the bulls. Warnings from U.S. officials that a Russian invasion of Ukraine might be imminent late Friday afternoon may have contributed to the late-session sell-off. Alex and Tyler will review the longer-term weekly trend as well to understand the weight of the evidence toward overall risk appetite.

This week's show will look at several different Heat Maps using the GoNoGo methodology to isolate the trend conditions on a relative basis for Leading & Lagging Style Factors. For clients who consider style-box allocation strategies, it's helpful to compare GoNoGo Conditions up and down the cap scale and between value and growth shares. GoNoGo Charts offer a view on energy and gold this week in terms of what is extended and what is just getting started. Finally, Alex and Tyler consider the reopening trade both in terms of the $CRUZ ETF and Live Nation as a single stock idea for those looking to express a view that travel, leisure and entertainment sectors of the economy are preparing to bounce back.

This video was originally recorded on February 17, 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 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: , CMT, co-founder of GoNoGo Charts, is committed to expanding the use of data visualization tools that simplify market analysis to remove emotional bias from investment decisions. Tyler has served as Managing Director of the CMT Association for more than a decade to elevate investors’ mastery and skill in mitigating market risk and maximizing return in capital markets. He is a seasoned business executive focused on educational technology for the financial services industry. Since 2011, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Learn More