StockCharts TV EP #45 | Intermarket Forces Assist Equity Rally | GoNoGo Charts (11.17.22)

19

November 2022

By

Daniel Jayaro

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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Tags:

$SPY $TNX $USD GoNoGo Asset Class HeatMap GoNoGo Heat Map GoNoGo Oscillator GoNoGo RelMap GoNoGo Sector RelMap