Dangerous Environment for Passive Investment | Alex Cole and Tyler Wood, CMT | GoNoGo Charts


May 2023



The range bound nature of equity indices is a dangerous environment for passive investment vehicles and closet indexers. Using a top-down approach to their analysis, Alex and Tyler show there are leaders and laggards in each and every sector group, including Financials (XLF) which continue to dominate headlines as more regional and community banks implode.

00:00 Intro

01:35 S&P 500 ETF (SPY), 10 Year Treasury Yield ($TNX), US Dollar Index (UUP)

09:45 Gold Trust (GLD), US Oil ETF (USO), Dow Jones US Insurance Brokers Index ($DJUSIB)

18:25 Goosehead Insurance (GSHD), S&P Homebuilders ETF (XHB)



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