Really? Another Relief Rally? | Alex Cole | GoNoGo Charts

4

November 2022

By

Daniel Jayaro

With Tyler traveling the world, Alex takes a look at the markets from a GoNoGo perspective. Using a top down approach, he discusses the major asset classes and what we are seeing in terms of trend. Diving into macro drivers such as rates, the dollar and oil, Alex notes how these could be headwinds for U.S. stocks if they resolve to the upside and continue in “Go” trends. With that being said, he moves to find where the outperformance exists and discusses charts of the energy and financial sectors. The markets were rocked these last few days, as investors digested what the Fed said. Alex finishes by looking at some of the big stocks talked about this week, $AMD and $BA.

 

01:35 - GoNoGo Asset Map, GoNoGo Sector RelMap, GoNoGo Trend

03:15 -$SPY, $TNX

08:00 - $UUP, $USO

11:55 - $XLE, $MRO, $XLF

14:20 - Jefferies Financial Group ($JEF), Advanced Micro Dynamics ($AMD), Boeing ($BA)

 

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Tags:

$SPY $TNX $USD stock exchange Stock Market trading