Investors and analysts see signs of life amid risk assets – bullish divergences, holding support, relief in rates and weakening USD – however, bear market relief rallies can be tempting and destructive. On this week's edition of the GoNoGo Charts show, Alex and Tyler look through signs across asset classes for potential regime change, highlighting the key inflection points that, once resolved, with dictate whether NoGo trends will reverse or continue lower. Degradation of the Go trend for the US Dollar index informs potential trend reversal in emerging markets equities. The retest of support for yields ($TNX) suggests more headwinds for growth equities, even though relative trends of technology, and consumer staples sectors have reversed this week. The duo cover the key instruments used to identify Trend, Momentum, Volume and Volatility across individual securities, sectors, indices and asset classes.
This video was originally recorded on June 2, 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. Learn more about the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.
