The S&P 500 put in a lower high and sold off further this week on strong NoGo Trend conditions. Tyler Wood, CMT evaluates global equity indices on a relative strength basis to better understand the investment opportunity in emerging markets such as India. The conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) highlights the Go trend acceleration of what have been strong headwinds for equity indices.
- 00:00 Intro
- 00:07 S&P 500 ETF (SPY), 10-Year Treasury Yield ($TNX), United States Oil ETF (USO)
- 03:40 Gold Trust (GLD), Bitcoin to US Dollar ($BTCUSD), S&P 500 ETF (SPY)
- 07:03 Consumer Discretionary Sector (XLY), S&P 500 ETF (SPY), General Motors (GM)
- 09:08 Dow Jones US Travel & Tourism ($DJUSTT), Booking Holdings (BKNG), Vacasa (VCSA)
- 11:53 S&P 500 ETF (SPY), Nifty 50 Index-India ($NIFTY)