StockCharts TV EP #15 | Rising Rates, Strong Dollar, Surging Wheat | GoNoGo Charts (04.14.22)


April 2022


Tyler Wood

Another interesting week in the markets! We can see that the trends remain unchanged. "Go" trends persist in equities, commodities, the dollar and bitcoin. What is of note however is that only the greenback's trend is painting strong blue bars. There is weakness in the trend of equities as we can see by the paler aqua bars. Price will need to find support over the next several sessions if we are to see a new higher high. The speculation of even more significant rate hikes is having an impact on the dollar as it continues to strengthen. Alex walks through the charts of the week and spots opportunities in industries likely to outperform. Companies that are set to perform well as the dollar remains strong are those companies based outside the U.S. but that do business with us. Agricultural commodities such as wheat also look strong, and so Alex takes a look at one of the biggest companies in that space.

00:00 - Introduction

01:05 - SPDR S&P 500 ETF Trust (SPY), Treasury Yield 10 Years ($TNX)

06:34 - US Dollar Index Bullish Fund (UUP), Telefonica S.A. (TEF)

09:56 - DB Agriculture Fund (DBA)

12:34 - Teucrium Wheat Fund (WEAT)

17:36 - Archer-Daniels-Midland Company (ADM)

23:01 - Bitcoin to US Dollar ($BTCUSD)


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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