StockCharts TV EP #14 | Inflection Point for a Rising Rate Environment | GoNoGo Charts (04.07.22)


April 2022


Tyler Wood

As the 10-yr treasury yield reaches 2.6% and Fed minutes point to a far more aggressive stance by many central bank governors, $TNX presents a critical inflection point on a multi-decade basis. Going back to 1981, the steady downward sloping trendline has presented resistance over and over again. From a long-term perspective, the rapid rise in interest rates off the 2020 pandemic lows appears to be simply a reversion to the mean. We will know soon whether the Go trend will break through to new highs – alerting investors of all stripes to the permanence of our new inflationary regime. In today’s show, Alex and Tyler will discuss the view viewpoint of US Equities as well as the recent trade opportunities presented by this bifurcated market. Advances last week in Consumer discretionary, cannabis, and retailers may have been short-lived, whereas REITs present an interesting inflation hedge as well as attractive dividend yields.

00:00 - Intro

01:15 - GoNoGo Cross Asset Heatmap

02:19 - U.S. Equities: S&P 500 (SPY)

07:54 - At an Inflection Point: 10-Year Treasury Yield ($TNX)

12:18 - GoNoGo Sector RelMap: S&P 500 Relative Strength Against Benchmark

14:37 - Consumer Discretionary Sector (XLY), Ebay (EBAY)

19:28 - Tilray (TLRY), Gladstone (GOOD)

26:34 - Conclusion

Join Alex and Tyler for more education at the METASTOCK Traders Conference throughout the week of May 16-20, 2022 - 

Whether you are trying to better understand cross-asset relationships, generating trade ideas, making security selection and allocation decisions, or managing an individual trade, GoNoGo Charts will help you eliminate analysis paralysis and keep your focus on Price, without losing sight of the complete technical picture. By blending objective principles of technical analysis and the most widely used statistical measures, GoNoGo Charts remove “indicator overload.” Investors remain focused on what matters most – price – while the colors of each bar or candle reflect the strength of the trend.



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