With the entire Wall Street analyzing CPI data and what that could mean for the Fed’s next rate hike, Alex and Tyler take a look at what’s actually happening from a price perspective in this week’s edition GoNoGo charts Show. As inflation weakens in December, government bonds stabilize. “Go” trends in fixed income mean that pressure from risky assets eases as yields fall. Interestingly, dollar weakness is also providing tailwinds for a long-awaited, much-anticipated rally in gold and other precious metals. Within the stocks space, Alex and Tyler flip through many individual names in materials, financials and even consumer discretionary with new breakouts and major turning points for their respective GoNoGo charts including Berkshire Hathaway, Freeport McMorran, Dow Holdings, Carvana, Dave & Busters and Bed Bath and Beyond. However, the clearest evidence of risk appetite is the fresh go trend for bitcoin.
This video was originally recorded on January 12, 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 manager, 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 for professional technical analysis worldwide.
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