Tyler Wood, CMT examines a return to strong “Go” conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) on both the daily and weekly timeframes. The trend following model is clearly to the upside, but momentum has not shown up to support a runaway rally, yet. Attention to GoNoGo Oscillator will give further credence or challenge the current trend conditions. At the equity index level, the S&P 500 (SPY) daily has corrected its neutral “GoFish” conditions of last week and returned to NoGo on the daily basis.
- 00:00 Intro
- 00:39 S&P 500 ETF (SPY), 10-Year Treasury Yield ($TNX), US Dollar Index (UUP)
- 09:15 United States Oil ETF (USO), Gold Trust (GLD), Russell 2000 ETF (IWM)
- 15:21 S&P 500 ETF (SPY)
- 19:40 S&P Oil & Gas Exploration & Production ETF vs. S&P 500 ETF (XOP:SPY)
- 21:35 Canadian Natural Resources (CNQ), Delek US Holdings (DK), HF Sinclair Corporation (DINO)
- 26:23 Northern European Oil Royalty Trust (NRT)
