We’re in BIG TROUBLE If Large Tech Stocks Rollover | GoNoGo Charts


October 2023



Tyler Wood, CMT and Alex Cole walk through a top-down approach to the markets and see that there are plenty of reasons why equities are struggling. Treasury rates and the dollar are in strong “Go” moves and breaking out. The trend was strong this week, as we see equities paint purple “NoGo” bars. What is worrying many investors is the idea that the large tech stocks are helping stem the “NoGo” tide; if they rollover as well, that could mean trouble. Charts of META, GOOGL etc are discussed.

  • 00:00 Intro
  • 00:07 S&P 500 ETF (SPY)
  • 07:00 Value Line Geometric Index ($XVG), Treas Yld Index-10 Yr Nts ($TNX), Invesco DB US Dollar Index Bullish Fund (UUP)
  • 12:33 United States Oil ETF (USO), Gold Trust (GLD), S&P 500 ETF (SPY)
  • 21:11 Cardlytics (CDLX), Meta Platforms (META), Alphabet (GOOGL)
  • 26:49 Envestnet Inc (ENV), AT&T (T), Verizon Communications (VZ)


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