GNG TV: We're in BIG TROUBLE If Large Tech Stocks Rollover

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

In this edition of the GoNoGo Charts show, Tyler and Alex 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 painting 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.

This video originally premiered on September 29, 2023. Click this linkto watch on YouTube.

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Sectors Market Analysis Indicators
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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