In this week’s edition of the GoNoGo charts Show, Alex and Tyler examine a market broadly consistent with last year’s choppy downtrends and defensive characteristics. The main difference between the asset classes is that the US dollar index is in a no-go and gold is finally starting to shine. The risk of another rally in government bond yields is there but unconfirmed at this time. Within US Equities, Alex and Tyler are keeping a close eye on Utilities (XLU) and Excelon Corporation (EXC), a $36 billion Chicago-based electric company. Additionally, the recent relative strength of the financial sector (XLF) versus the benchmark provided an interesting trading idea for Jefferies Investment Bank (JEF).
This video was originally recorded on January 5, 2023. Click this link to watch on YouTube. You can also watch new episodes – and be notified when they are released – via the StockCharts on Demand website, StockChartsTV.comor the equivalent apps on Roku, Fire TV, Chromecast, iOS, Android and more!
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Alex Kohl, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. For the past 15 years, Alex has led technical analysis and data visualization teams, leading both business strategy and product development of analytical tools for investment professionals. Alex has created and implemented training programs for large companies and private clients. His classes cover a wide range of technical analysis topics, from introductory to advanced trading strategies.
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Tyler Wood is the Chief Operating Officer of GoNoGo Charts and a seasoned executive who has led the operational and business development activities of teams large and small. As a senior executive, he has developed and launched products in the education technology and financial services sectors for the past 20 years. As Managing Director of the CMT Association, Tyler has introduced technical analysis tools to investment firms, regulators, exchanges and broker-dealers around the world for over a decade. Mobilizing vendors, volunteers and discerning stakeholders around a shared vision, Tyler designed and implemented policies and programs that raise the standards of professional technical analysis worldwide.
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