Relief Rally Fails | GoNoGo Charts

In this week’s show, Alex Cole takes a look at how equities have failed to move higher this week, making it more likely that last week’s rally in equities was a relief rally, not the start of something more constructive. Starting from the top down, he looks at the asset trends, the relative outperforming/underperforming sectors and how the resumption of Go trends in treasury rates and the dollar will impact stocks. He moves on to discuss how tech stocks, such as Meta (FB), continue to struggle and may provide a play for those on the short side. He also shows how GoNoGo Charts tell you when a trade hasn’t worked in the way you’d expect. Finally, in an effort to find some blue Go colors, he takes a look at some energy stocks!


00:00 – Introduction

00:59 – GoNoGo CrossAsset HeatMap®

05:09 – SPDR S&P 500 ETF Trust (SPY)

06:31 – Invesco DB US Dollar Index Bullish Fund (UUP)

08:40 – Treasury Yield 10 Years ($TNX)

10:41 – Technology Select Sector SPDR Fund (XLK)

13:48 – Meta Platforms, Inc. (META)

17:05 – Materials Select Sector SPDR Fund (XLB)

18:19 – SPDR S&P Homebuilders ETF (XHB)

20:38 – Energy Select Sector SPDR Fund (XLE)

21:20 – Occidental Petroleum (OXY), Valero Energy (VLO)


“Beat the Benchmark” June 15th, 2022 at 5PM ET…

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Past performance is not indicative of future results. Neither the Show Participants nor guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show. Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and you should make your own independent decision regarding them. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor


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