On this week's edition of the GoNoGo Charts show, Alex and Tyler take a look at the cross-asset GoNoGo Heat Map® for a sense of overall bullish and bearish trends this week. The top panel shows that U.S. equities reversed the trend last week into "Go" conditions (aqua bar to end the week). It has been an impressive rally over the last two weeks, but the weight of the evidence has now confirmed the new uptrend.
Treasury bond prices remain in a strong "NoGo" again this week, painting purple bars as yields rocket higher. Commodities and the US dollar remain in "Go" trends amid the threat of rising rates and inflation. Bitcoin even joins the risk-on transition to end the week in blue (strong "Go" conditions). Investors are again chasing yield, even amidst continued volatility surrounding tensions in Ukraine and rising rates/inflation worries.
This video was originally recorded on March 31, 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.
