Alex and Tyler see some risk-on behavior this week as U.S. domestic equities paint a first aqua “Go” bar. An analysis of the GoNoGo Sector Relmap show rotation into growth sectors like technology and discretionary and away from defensive sectors such as utilities, staples, and healthcare. They take a look at what has happened in the oil trade and how now is an inflection point for the “NoGo” as well as round out the risk on picture looking at Bitcoin’s fresh “Go” trend. As always, GoNoGo Charts demonstrate how you can combine a sophisticated trend following checklist with some of the traditional technical techniques such as pattern analysis.
Join Alex Cole and Tyler Wood next week on Tuesday, July 26, 2022, at 10:10 am – 10:40 am EDT Institutional Trend Following Strategies for Self-Directed Investors
Registration is Required, but FREE: https://bit.ly/3aZ4LbI
00:00 – Intro
01:00 – GoNoGo Cross Asset Heat Map
02:05 – Us Treasury Yield ($TNX), S&P 500 (SPY), US Oil (USO)
10:38 – Valero (VLO), Financial Sector (XLF), Bank of America (BAC)
16:06 – Johnson & Johnson (JNJ)
19:04 – Bitcoin to US Dollar ($BTCUSD)
Website: https://www.gonogocharts.com/
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