GoNoGo Charts – Launch Conditions (Week Ending August 19th 2022)
GoNoGo Charts – Launch Conditions
Welcome to your weekly GoNoGo Launch Conditions Chart Pack. We take a look at the major market trends across all asset classes to give an overall, technical view of market conditions. Risk remains off this week as equities, treasury bonds, commodities, and bitcoin all are in “NoGo” trends still. Within the equity markets we are seeing an interesting rotation emerge as strong “NoGo” relative trends persist in energy, financials, industrials, and materials while new “Go” trends on a relative basis creep into growth sectors like discretionary and communications. Enjoy this week’s chart pack and stay on the right side of the trends!
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