Coffee vs. wine: Scientific similarities topic of Orlando Science & Wine fundraiser
Starting at the top asset class level, GoNoGo charts help investors understand Intermarket. Both $TNX and $USD are gaining strength daily from amber bars of neutral uncertainty to Go trend conditions. The recent rise in interest rates and the dollar index are having a subtle but observable negative impact on further gains in the stock index. In this week’s edition of the GoNoGo charts Show, Alex Cole and Tyler Wood, CMT, explain the process and tools investors can use to narrow their securities universe to those in the top-performing sectors, industry group and below, given the daily reversals in the S&P 500 over the past few weeks to individual names. Remember, it’s a stock market, not a single stock market.
Looking at the GoNoGo Sector RelMap, viewers can see a rotation of leadership over the past two weeks from the cyclical sectors (XLE, XLF, XLI, XLB) to the growth sectors of the market (XLK, XLC and XLY), including Technology, Communications and consumer discretionary. The next step in this process is to look for the industry subgroups that are outperforming the industry leaders. Within the technology (XLK) this includes $DJUSSC – semiconductors as well as computer hardware. Alex and Tyler highlight the continued “Go” trend conditions at NVIDIA Corporation $NVDA and present the disciplined process of managing the lifecycle of a trade using this top-down methodology to help investors “fish where the fish are” .
This video was originally recorded on February 16, 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!
New episodes of GoNoGo charts Airs Thursdays at 3:30 p.m. ET Stock Charts TV. Learn more about the GoNoGo ACP plug-in with the FREE starter plugin or the fully functional plug-in package.
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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