StockCharts TV: “Cross Asset Trends as the Summer Ends”

2 years ago 584 views 2 min read

Tyler Wood, CMT

Chief Operating Officer

GoNoGo Charts

“Cross Asset Trends as the Summer Ends”

Alex and Tyler review the important macro forces influencing equity performance this week. As rising rates resume and the dollar churns higher, short-term headwinds for risk assets deliver consolidation within our recent “Go” trend. The blended weight of the evidence continue to paint “Go” trend conditions in the daily timeframe despite a drop in momentum from GoNoGo Oscillator. The GoNoGo S&P 500 Sector RelMap shows leadership from relative Go trends in $XLK, XLY, XLE, XLB, XLI and XLU as rotation continues.

00:00 – Intro

01:18 – GoNoGo Asset Class Heat Map

02:00 – S&P 500

06:29 – 10-year Treasury Yield ($TNX)

08:57 – US Dollar (UUP)

11:36 – US Oil (USO)

16:27 – Energy Sector (XLE)

18:32 – XLE:SPY

20:18 – Technology Sector (XLK)

21:20 – KLK:SPY

21:55 – Apple (AAPL)

Website: https://www.gonogocharts.com/