On this week’s show, Alex and Tyler take a look through the markets and discuss how the “Go” trend in the dollar is being tested for the first time in months. Likewise, the relentless rising rates of the last few months have also taken a moment to pause. They discuss how the charts give insight into possible next moves.
The relaxing of these headwinds (rising rates and strong dollar) perhaps helped equities rally this week, and so Alex pulls up charts of $SPY to see if there is enough momentum to change the trend.
00:00 – Introduction
01:01 – Asset Class Heat Map
03:11 – US Dollar $UUP: Daily (Weak Go), 1 hr (NoGo)
04:44 – $TNX – Yield pullback (AMBER) – retest 2018 highs, support?
09:00 – S&P 500: Daily & Weekly
12:44 – GoNoGo Sector RelMap
14:55 – Netflix (NFLX) Daily Chart
19:13 – Nvidia (NVDA), Positive Divergence, but still NoGo
20:44 – Nat Gas Futures ($BOIL), Reentry to new highs +10% this week
24:08 – Occidental Petroleum ($OXY), Daily, Weekly (New Highs, Momentum)
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