StockCharts TV EP #38 | Risk Off Environment Despite Key Support | GoNoGo Charts (09.29.22)


September 2022


Daniel Jayaro

In this week’s GoNoGo Show, Alex and Tyler review Wednesday’s upside move in the context of a persistent “NoGo” trend in US Equities, Commodities, and bond prices. The continued “NoGo” trend conditions on the daily and weekly charts are only further confirmed by macro forces like rising interest rates ($TNX) and the persistent “Go” trend in the US Dollar index (UUP). The parabolic move in the US Dollar index has corrected, but remains in trend.

Relative trend performance from the Financials (XLF) Energy (XLE), Consumer Staples (XLP), Healthcare (XLV), and Utilities (XLU) sectors remain in “Go” conditions. Alex and Tyler review the Consumer Discretionary (XLY) sector as well which has held up relative to the S&P500 (SPY) and examine a couple of holdings including Avis Budget (CAR) and Home Depot (HD).

Join Alex Cole and Tyler Wood next week on Tuesday, Oct 11, 2022, at 11:00 am EDT Forecasting Follies: React Responsibly to Market Moves

Registration is Required, but FREE: Join Alex and Tyler at 11am OCT 11th for a fresh look at market trends.


00:00 - Intro

00:58 - GoNoGo Asset Class Heat Map

02:00 - SPY - Daily, Weekly, 2hr

08:35 - $TNX - Daily

10:05 - USD - UUP daily then weekly

12:08 - USO - Continued NoGo

13:50 - Agriculture Fund (DBA)

18:46 - GoNoGo Sector RelMap - call out XLY & XLF & XLU

20:45 - XLY - NoGo Daily

23:00 - Avis Budget Group (CAR) - Daily & Weekly





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