Alex and Tyler explain some risk-on behavior this week as U.S. domestic equities paint a first aqua “Go” bar. An analysis of the GoNoGo Sector Relmap shows rotation into growth sectors like technology and discretionary and away from defensive sectors such as utilities, staples and healthcare. The duo take a look at what has happened in the oil trade and how now is an inflection point for the “NoGo” as well as round out the risk on picture looking at Bitcoin’s fresh “Go” trend. As always, GoNoGo Charts demonstrate how you can combine a sophisticated trend following checklist with some of the traditional technical techniques such as pattern analysis.

00:00 – Intro

00:59 – GoNoGo Asset Class Heat Map

01:42 – 10-Year Treasury Yield ($TNX)- Yield return to NoGo bars

03:24 – US Oil (USO) – Continued NoGo

06:03 – US Dollar (UUP)

10:29 – Us Dollar to Japanese Yen ($USDJPY) – Daily, then weekly

11:55 – Australian Dollar to Japanese Yen ($AUDJPY)

13:08 – SPY – Finished up 2.7% after Rate Hike

18:27 – GoNoGo Sector RelMap – call out XLK and XLY

21:03 – XLY:SPY

21:40 – Tesla (TSLA), Apple (AAPL), Bitcoin (BTCUSD)

Website: https://www.gonogocharts.com/

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