GNG TV: Equities Struggle, Defensive Sectors Continue to Lead

Alex Cole
by Alex Cole,
Co-founder, GoNoGo Charts®
Tyler Wood
by Tyler Wood,
Co-founder, GoNoGo Charts®

On this week's edition of the GoNoGo Charts show, with Equities recovering this week, Alex and Tyler look at what they would like to see happen from a momentum perspective to have faith in the "Go" trend. Even with the "Go" in place, it is the defensive, not the offensive players, that are on the field, as sectors such as materials and utilities continue to outperform those such as technology on a relative basis, as seen on the GoNoGo Sector RelMap. That being the case, Alex walks through specific GoNoGo Charts of technology, Netflix, materials, U.S. Steel, utilities and NRG.

This video was originally recorded on April 21, 2022. Click this linkto watch on YouTube. You can also view new episodes - and be notified as soon as they're published - using the StockCharts on demand website,StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!

New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Learn more about the GoNoGo ACP plug-in with theFREE starter plug-inor thefull featured plug-in pack.

Alex Cole
About The Author:

Alex has led technical analysis and data visualization teams for over 15 years, directing both business strategy and product development of analytics tools for investment professionals. Learn More 

Tyler Wood
About The Author:

Tyler has served as Managing Director of the CMT Association for over a decade. He co-hosts their official podcast, Fill the Gap, and is a global advocate for technical analysis education. Learn More 

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