Diversified Opportunities in US Equities | Tyler Wood, CMT | GoNoGo Charts

Alex Cole and Tyler Wood, CMT deliver a view of relative and absolute trends across the investible landscape. S&P500 (SPY) confirms a “Go” trend on both daily and weekly timeframes and Gold ($GLD) shows further upside as the “Go” trend strengthens. Oil ($USO) rallies back to test its 7 month downtrend line and remains in “NoGo” Conditions. The top four cryptocurrencies by market cap continue to outperform $SPY on a relative basis. Within US Equities, out-performance from technology (XLK) communications (XLC) continues, but there is also strength in the defensive areas of the market. Consumer staples (XLP) and even utilities are outperforming the index. Drilling into the industry groups, non-durable household goods and soft drinks lead the XLP. Charts of Sysco (SYY) and CocaCola (KO) offer important lessons in trade risk management and capturing opportunities within leadership groups.

 

00:00 Intro

01:12 Coca-Cola Co KO, S&P 500 ETF Trust SPY, 10 Yr Yield $TNX, US Dollar UUP

09:47 Gold Trust GLD, United States Oil USO, S&P 500 ETF SPY

19:39 Sysco Corp. SYY, Coca-Cola Co KO, Baidu BIDU

25:42 Meta Platforms META

Tags:

#RelativeStrength $SPY $TLT $TNX $USO GoNoGo Asset Class HeatMap GoNoGo Heat Map GoNoGo Oscillator GoNoGo Trend S&P 500

get in touch

Mon - Fri 8:00 - 16:00
Subscription Form
research
$1.99 / week
Trend Analysis and Charts Delivered Weekly
Flight Path
Pre-Market Monday Morning
Launch Conditions
Delivered Every Saturday Morning
Research Chart Pack
16 GoNoGo Charts Included with Every Report
Premium
$9.99 / week
Daily Research
Flight Path
Pre-Market Monday Morning
Launch Conditions
First Thing Saturday Morning
Daily Blast Off
Pre Market Daily
add-ons
Deploy GoNoGo Indicators on Your Favorite Platforms