Alex Cole and Tyler Wood, CMT review cross-asset relationships from a GoNoGo Trend Perspective. NoGo trends on the daily timeframe for USD and TNX provide tailwinds for risk assets. Multiple timeframe analysis reveals that the recent rotation to “risk-on” still has more to prove on the weekly charts. Opportunities in gold, industrials and energy on both an absolute and relative basis look most constructive.
00:00 - Intro
01:29 - GoNoGo Asset Class Heat Map
02:45 - SPY - Daily, then weekly
06:54 - 10 Year Treasury Yield ($TNX)
08:43 - USD - UUP daily then weekly - No Go
13:09 - Gold (GLD)
16:54 - GoNoGo Sector RelMap - call out Cyclicals
19:06 - XLE - Weekly, Daily absolute and relative(Max Squeeze)
21:19 - XLI:SPY - relative Daily
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