StockCharts TV: Industrial ‘Go’ Trends are a Big Help to a Bull Market

2 years ago 457 views 2 min read

Tyler Wood, CMT

Chief Operating Officer

GoNoGo Charts

Industrial ‘Go’ Trends are a Big Help to a Bull Market

The Home Construction Index (ITB) has been in a solid “Go” trend since June moving within a rising trend channel, and correcting today to the lower bound. Tyler Wood, CMT talks through the tenets of trend-following showing how GoNoGo Charts provides an objective rules-based methodology for buying pullbacks in rising securities based on momentum resurgence.

00:00 Intro
00:12 S&P 500 ETF (SPY), 10-Year Treasury Yield ($TNX), US Commodity Index Fund (USCI)
05:20 Commodity Heat Map, VanEck Vectors Steel ETF (SLX), US Home Construction ETF (ITB)
09:14 US Dollar Index (UUP), S&P 500 ETF (SPY), S&P 500 Capital Goods Industry Group ($GSPIC)
13:38 Financial Sector (XLF)
16:24 ICE MOVE Index ($MOVE), S&P Regional Banking ETF (KRE), fuboTV (FUBO)

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