STOCKCHARTSTV Ep. #56 | Tech and Staples Leading Choppy S&P | Tyler Wood, CMT | GoNoGo Charts (03.27.23)


March 2023



On this week’s GoNoGo show, Alex and Tyler take a top down approach to the technical market environment following the SVB collapse and the Fed’s 25bps hike. A GoNoGo Cross Asset Heat Map helps understand the intermarket factors that could impact equity performance. Treasury rates ($TNX), the US dollar (UUP), and oil (USO) are all falling in NoGo trends. Very recently, gold (GLD) and bitcoin (BTCUSD) rallied into Go trends. Digging into the equity sectors Alex and Tyler review the relative outperformance of technology and then within the tech sub groups the strength of semiconductors. This leads to a discussion of $NVDA that is hitting new highs. Finally, Alex and Tyler discuss the situation with regional banks and the financial sector with commentary on how best to use GoNoGo Charts from a risk control perspective.

00:00 Intro

00:36 S&P 500 ETF SPY, 10 Yr Treasury Yeild TNX, US Dollar Index UUP

07:24 Gold Trust GLD, United States Oil USO, Bit Coin $BTCUSD

17:08 Dow Jones U.S. Semiconductors IDJUSSC, NVIDIA NVDA, Financial Sector XLF

20:44 S&P Regional Banking ETF KRE

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