Relative Strength in Renewables | GoNoGo Charts

Alex and Tyler assess the acceleration of the “NoGo” for US equities ($SPY) in the wake of the latest rate hike ($TNX) . Go trends for US Dollar and Government Yields are uninterrupted, but the energy space is full of rotation. Alex and Tyler review the trends in First Solar Inc (FSLR) and solar ETF “TAN” for options in “Go” trends. More importantly, they look to an inflection point in the relative performance of solar vs gasoline (TAN:UGA)

 

00:00 – Intro

01:20 – GoNoGo Cross Asset Heat Map

02:35 – S&P 500 Daily

09:40 – 10-year Treasury Yield ($TNX) – Daily

14:55 – US Dollar (USD – UUP) daily then weekly

17:00 – US Oil (USO)

18:20 – Gasoline Index ($GASO), First Solar (FSLR)

22:00 – TAN:UGA -Solar ETF/US Gasoline Fund

23:30 – GoNoGo RelMap: S&P 500 Sector Relative Strength Against Benchmark

 

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

 

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Tags:

$TNX Gasoline S&P 500 Treasury Yield US Oil

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