U.S. markets continue to sell off as the picture of the GoNoGo asset class heatmap changes. Stocks join bond prices in a strong “NoGo” as commodities and the dollar continue to maintain their “Go” trends. In this week’s market recap, Alex and Tyler look at the technology sector’s woes and unpack the charts of Sony Corp to look for opportunities in this “NoGo”. They also look at utilities where there has been some leadership. The show finishes with a look at the darling of the news this week, Twitter.
00:00 - Introduction
02:30 - SPDR S&P 500 ETF Trust (SPY)
05:14 - Treasury Yield 10 Years (^TNX)
09:28 - Technology Select Sector SPDR Fund (XLK)
13:27 - Sony Group Corporation (SONY)
17:13 - Utilities Select Sector SPDR Fund (XLU)
18:45 - UGI Corporation (UGI)
22:00 - Twitter, Inc. (TWTR)
Join Alex and Tyler for more education at the METASTOCK Traders Conference throughout the week of May 16-20, 2022 - https://tinyurl.com/GoNoGoMSMay22
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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