Welcome to your weekly GoNoGo Launch Conditions Chart Pack. We take a look at the major market trends across all asset classes to give an overall, technical view of market conditions. The below GoNoGo RelMap shows that the rotation we spotted about a month ago into defensive sectors continues. 6 sectors outperform the base S&P 500 on a relative basis with materials, industrials, financials, energy, staples and utilities in “Go” trends. Also of note, discretionary, communications and now technology are all in “NoGo” trends.
To access this week’s Launch Conditions click here
It’s important to take a step back and assess whether the stories match the price trends. The GoNoGo Trend and Oscillator are applied across the major asset classes to give a complete technical picture of trend and momentum. Click here
Flip through your weekly Launch Conditions chart pack below
