“Blow-Off Top or Trend Acceleration?”
Volatility continues to deliver Fear, Uncertainty, and Doubt to investors as the world deals with accelerating inflation and open war against Ukraine. Treasury bond prices remain in a strong “NoGo” trend, painting purple bars, while $TNX yields climb back to 2.00%. Commodities remain the leading light for trend followers as fresh CPI data reports 7.9% inflation in the US. Welcome to your weekly episode of GoNoGo Charts.
00:00 – Intro
01:23 – Asset Class HeatMap
02:41 – Inflation and Yield Trends: 10-Year Treasury ($TNX)
04:34 – S&P 500 ETF (SPY) NoGo Trend 07: 51 – GoNoGo Sector RelMap
09:51 – Blow off Top in the Energy Sector (XLE)?
12:35 – United States Oil ETF (USO)
16:52 – Valero ($VLO)
18:45 – Solar Batteries: SunRun (RUN)
21:32 – Short Trade Ideas: LuLu Lemon (LULU), Certara (CERT)
24:56 – iShares Gold Trust (IAU) Monthly Cup and Handle formation
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