StockCharts TV: Charts Flash Warning Signs of Further Risk to the Downside

10 months ago 279 views 2 min read

Tyler Wood, CMT

Chief Operating Officer

GoNoGo Charts

StockCharts TV: Charts Flash Warning Signs of Further Risk to the Downside

This week Alex takes a top down approach to see what the GoNoGo Charts are saying about markets. With U.S. domestic equities in a “NoGo” trend, the charts warn that there is further risk to the downside. This week we see a new lower low and momentum has turned strongly negative. Looking at the macro factors that could cause further trouble, treasury rates and the dollar are both in strong “Go” trends.

00:00 Intro
00:41 S&P 500 ETF (SPY), 10 Year Treasury Yield ($TNX), US Oil ETF (USO)
10:01 Gold Trust (GLD), US Dollar Index Bullish Fund (UUP), Technology Sector Fund (XLK)
15:43 Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN)

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