Alex & Tyler take a look at the cross-asset GoNoGo Heat Map® for a sense of overall bullish and bearish trends this week. The top panel shows that U.S. equities reversed the trend last week into “Go” conditions (aqua bar to end the week). It has been an impressive rally over the last two weeks, but the weight of the evidence has now confirmed the new uptrend. Treasury bond prices remain in a strong “NoGo” again this week painting purple bars as yields rocket higher. Commodities and the US dollar remain in “Go” trends amid the threat of rising rates and inflation. Bitcoin even joins the risk-on transition to end the week in blue (strong “Go” conditions). Investors are again chasing yield, even amidst continued volatility surrounding tensions in Ukraine and rising rates/inflation worries.
00:00 – Intro
01:00 – GoNoGo Cross Asset Heat Map
03:28 – S&P 500 Enters Fresh Go Trend
06:36 – S&P 500 Sector Relative Strength Against Benchmark
08:32 – United States Oil ETF (USO) Resumes Uptrend
14:02 – Mining and Minerals Continue to Rally
16:12 – 2nd Largest Mining Co, Globally: Rio Tinto (RIO)
17:46 – Freeport-McMoRan (FCX)
19:20 – Growth Equities: Return or Revert?
25:57 – Conclusion
Join Alex and Tyler for more education at Wealth365 Summit Monday 4/4 & Wednesday 4/6 https://tinyurl.com/W365GNG
Whether you are trying to better understand cross-asset relationships, generating trade ideas, making security selection and allocation decisions, or managing an individual trade, GoNoGo Charts will help you eliminate analysis paralysis and keep your focus on Price, without losing sight of the complete technical picture. By blending objective principles of technical analysis and the most widely used statistical measures, GoNoGo Charts remove “indicator overload.” Investors remain focused on what matters most – price – while the colors of each bar or candle reflect the strength of the trend.
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