Welcome to your weekly GoNoGo Launch Conditions Chart Pack. We take a look at the major market trends across all asset classes to give an overall, technical view of market conditions. The below GoNoGo RelMap shows that the rotation we spotted about a month ago into defensive sectors continues. 6 sectors outperform the base S&P 500 on a relative basis with materials, industrials, financials, energy, staples and utilities in "Go" trends. Also of note, discretionary, communications and now technology are all in "NoGo" trends.
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It's important to take a step back and assess whether the stories match the price trends. The GoNoGo Trend and Oscillator are applied across the major asset classes to give a complete technical picture of trend and momentum. Click here
Flip through your weekly Launch Conditions chart pack below