Technology’s “renewed” strength outperforming S&P | GoNoGo Show May 23, 2024

Alex Cole and Tyler Wood, CMT take a top down approach to the markets midday Thursday, May 23rd. Looking at the complete Technical Analysis picture through the lens of the GoNoGo chart. With the U.S. equity markets making all time highs we see “Go” trends across the asset classes. Looking at a sector breakdown with the GoNoGo Sector RelMap we see that the technology sector has started to strongly outperform the larger index. Continuing down to single securities we look at several securities in the renewable energy technology sub sector and the semiconductor space using the complete technical analysis tool set.

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