Some stocks are going up, some are going down. The S&P 500 set another higher high this week but when we look at the GoNoGo Sector RelMap below we can see that on a relative basis only 3 sectors are outperforming. Leadership is being displayed by the discretionary, healthcare and technology sectors.
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
