Equities Turn “NoGo” as Weight of Macro Factors Takes Toll | Alex Cole | GoNoGo Charts

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

 

Tags:

$SPY US Dollar US Oil

get in touch

Mon - Fri 8:00 - 16:00
Subscription Form
research
$1.99 / week
Trend Analysis and Charts Delivered Weekly
Flight Path
Pre-Market Monday Morning
Launch Conditions
Delivered Every Saturday Morning
Research Chart Pack
16 GoNoGo Charts Included with Every Report
Premium
$9.99 / week
Daily Research
Flight Path
Pre-Market Monday Morning
Launch Conditions
First Thing Saturday Morning
Daily Blast Off
Pre Market Daily
add-ons
Deploy GoNoGo Indicators on Your Favorite Platforms