This week Alex takes a top down approach to see what the GoNoGo Charts are saying about markets. With U.S. domestic equities in a “NoGo” trend, the charts warn that there is further risk to the downside. This week we see a new lower low and momentum has turned strongly negative. Looking at the macro factors that could cause further trouble, treasury rates and the dollar are both in strong “Go” trends.
- 00:00 Intro
- 00:41 S&P 500 ETF (SPY), 10 Year Treasury Yield ($TNX), US Oil ETF (USO)
- 10:01 Gold Trust (GLD), US Dollar Index Bullish Fund (UUP), Technology Sector Fund (XLK)
- 15:43 Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN)