Tyler Wood hosts this week’s GoNoGo show looking at the nature of trends in defensive sectors through GoNoGo Charts. Leading sectors include consumer staples and healthcare. Considering the ratio of SYY:CSCO, we can see through the GoNoGo Trend identifies that toilet paper is outpacing technology in 2022. Digging into Merck and Biotech, Tyler observes new “Go” trends in the healthcare arena are providing some opportunities to the long side in an otherwise bearish US Equity market.
00:00 – Intro
00:59 – GoNoGo Cross Asset Heat Map
03:30 – S&P500 – New Lows – Daily, then weekly
07:48 – GoNoGo Sector RelMap
10:15 – XLP – daily, then weekly
11:57 – Tech or T.P.? – SYY:CSCO Daily, Weekly
13:55 – Costco (COST) 15:25 – SYCSO (SYY)
16:07 – Merck (MRK)
17:18 – SPDR S&P Biotech (XBI)
Wealth365 Investment Conference July 13 & 15 at 2pm ET – link below FREE, but you must register https://www.wealth365.com/gonogo/
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