StockCharts TV: “Equities Turn ‘NoGo’ as Weight of Macro Factors Takes Toll”

2 years ago 497 views 2 min read

Tyler Wood, CMT

Chief Operating Officer

GoNoGo Charts

“Equities Turn ‘NoGo’ as Weight of Macro Factors Takes Toll”

On this week’s show Alex is on his own. He takes a look at the major assets and notes that Equities have surrendered to a NoGo trend this week. Treasury rates rising, along with the dollar could be acting as a headwind for stocks. Within the S&P 500, we see growth sectors trying to hang on to out-performance with defense continuing to perform badly. Taking a look at the discretionary sector though shows that there are signs of trouble ahead even here. Finally, a look at TSLA shows a crack in the auto manufacturer’s armor.

00:00 Intro

01:00 SPY

06:37 10-Year Treasury Yield TNX, US Dollar UUP, Gold GLD

10:13 US Oil USO, S&P 500 SPY, Consumer Discretionary XLY

15:57 Tesla TSLA, Bitcoin BTCUSD

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