The Home Construction Index (ITB) has been in a solid "Go" trend since June moving within a rising trend channel, and correcting today to the lower bound. In this edition of the GoNoGo Charts show, Tyler Wood, CMT talks through the tenets of trend -- after showing how GoNoGo Charts provides an objective rules-based methodology for buying pullbacks in rising securities based on momentum resurgence.
This video was originally recorded on July 20, 2023. Click this link to watch on YouTube.
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About the author:
Tyler Wood, 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.
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