GoNoGo Charts combine a broad scope of the most widely used technical indicators to provide a weight of the evidence perspective on Trend, Momentum, Volume and Volatility. Within the “NoGo” environment for equities, many investors have “anticipatory excitement” about the potential bottom in price and a chance to buy-in aggressively. In this week’s edition of the GoNoGo Charts show, Alex and Tyler walk through multiple scenarios – both bullish and bearish – to explore what signals would need to be present on GoNoGo Charts for new long opportunities.
Specifically, within the XLC communications sector and the chart of Netflix (NFLX), the markets reached an inflection point, but rolled over to the downside, whereas the Chinese and Hong Kong ETFs, MCHI and EWH, have shown absolute and relative “Go” trends against the S&P 500 on a daily time frame. Starting from a top-down analysis of Gold, USD and Treasury Yields, Alex and Tyler explore many of the headwinds for equity investors.
This video was originally recorded on July 14, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!
About the author: Alex Cole, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals. Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies. Learn More
About the author: Tyler Wood is the Chief Operating Officer of GoNoGo Charts and a seasoned business executive who has led the operational and business development activities of teams large and small. As an executive manager over the past 20 years, he built and brought products to market in the educational technology space and financial services industry. As the Managing Director of the CMT Association for over a decade, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Galvanizing vendors, volunteers, and demanding stakeholders around a common vision, Tyler designed and implemented policies and programming that raised the standards for professional technical analysis worldwide. Learn More
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