StockCharts TV: “US Equity Go Trend Reaches Downtrend Resistance”

2 years ago 578 views 2 min read

Tyler Wood, CMT

Chief Operating Officer

GoNoGo Charts

“US Equity Go Trend Reaches Downtrend Resistance”

Tyler Wood, CMT shares perspective on global markets from a trend perspective looking at a “Go” trend in US equities that is bumping up against a familiar downtrend resistance line. Looking across macro forces like the “NoGo” in the US Dollar, Oil and Yields investors can better understand the context of this most recent relief rally in the S&P 500. Tyler also looks across global equity markets on a relative strength perspective to see opportunities in the UK, Eurozone, and emerging markets such as Mexico, Peru, China, and Hong Kong. Be sure to watch the GoNoGo Special “Embracing Volatility” for more detail on using GoNoGo Charts through the lifecycle of your trades https://www.gonogocharts.com/videos/e…

00:00 – Intro

00:56 – SPY – Daily, then weekly

05:16 – USD – UUP daily then weekly – No Go

06:26 – USO – No Go Strengthens to the downside

08:19 – $TNX – Daily hitting new highs 4.18% on 10 year – last seen in 2008

10:54 – HYG:TLT – Risk Off

12:03 – Global Equities – UK & Eurozone – Not Brasil! – Mexico, Peru – NOW China?! Hong Kong, Singapore, Thailand.

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