Investors and analysts see signs of life amid risk assets – bullish divergences, holding support, relief in rates and weakening USD – however, bear market relief rallies can be tempting and destructive. Alex and Tyler look through signs across asset classes for potential regime change highlighting the key inflection points that, once resolved, with dictate whether NoGo trends will reverse or continue lower. Degradation of the Go trend for the US Dollar index informs potential trend reversal in emerging markets equities. The retest of support for yields ($TNX) suggests more headwinds for growth equities, even though relative trends of technology, and consumer staples sectors have reversed this week. Our latest installment from GoNoGo Charts covers the key instruments used to identify Trend, momentum, Volume and Volatility across individual securities, sectors, indices, and asset classes.
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00:00 – Introduction
00:52 – GoNoGo CrossAsset HeatMap®
02:33 – GoNoGo S&P Sector RelMap®
04:32 – SPDR S&P 500 ETF Trust (SPY)
10:29 – Invesco DB US Dollar Index Bullish Fund (UUP)
12:23 – iShares MSCI Emerging Markets ETF (EEM)
15:19 – Treasury Yield 10 Years ($TNX)
18:25 – Change Healthcare Inc. (CHNG)
20:42 – Bitcoin to US Dollar ($BTCUSD)
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