StockCharts TV EP #19 | Equity Selloff Continues, Commodities Hold a “Go” Trend | GoNoGo Charts (05.12.22)


May 2022


Tyler Wood

Alex and Tyler are back together talking markets from midtown Manhattan.

The heavy selling pressure this week has kept US Treasury bonds and major equity indices in strong “NoGo” trends. While many analysts are searching for signs of a bottom, key areas of support are breaking. Alex and Tyler look across the asset classes at absolute trends as well as the sectors of the S&P500 for relative strength. Defensive and cyclical sectors continue to show leadership. Names within the US Commodities index such as Chevron, and $CORN deliver constructive evidence of trend continuation.

Meanwhile, Bitcoin has worked down through key support at $33,000 and at the time of recording was sitting at $29,000 the next line in the sand. Join Alex and Tyler on June 15 for a special educational session "Beat the Benchmark: Understanding Relative Strength" right on

00:00 - Introduction

1:08 - S&P 500

07:18 - TLT

10:14 - BTCUSD

14:15 - USCI

16:18 - CVX

18:14 - CORN


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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$btcusd $CORN $CVX $SPY $TLT $USCI GoNoGo Asset Class HeatMap