In this week's edition of the GoNoGo Charts show, Alex and Tyler review the important macro forces influencing equity performance this week. As rising rates resume and the dollar churns higher, short-term headwinds for risk assets deliver consolidation within our recent "Go" trend. The blended weight of the evidence continues to paint "Go" trend conditions in the daily timeframe, despite a drop in momentum from GoNoGo Oscillator. The GoNoGo S&P 500 Sector RelMap shows leadership from relative Go trends in $XLK, XLY, XLE, XLB, XLI and XLU as rotation continues.
This video was originally recorded on August 25, 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!
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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.
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.