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Equities Struggle in Strong "NoGo" as Materials try to Curb the Damage
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Good morning and welcome to this week's Flight Path. The equity "Go" trend is over. We saw a pink "NoGo" bar following an amber "Go Fish" bar of uncertainty and then that was followed by strong purple bars as the week continued....
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Equity Markets Struggle to Hold onto "Go" trend as Industrials Try to Lead | Apr 15 2024
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Good morning and welcome to this week's Flight Path. The equity "Go" trend continued this week but we saw some weakness as GoNoGo Trend paints a string of weaker aqua bars to close out the week. We haven't seen a new high in a...
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Rocks over Stocks | GoNoGo Show 041824
by Tyler Wood,
Co-founder, GoNoGo Charts®
KEY TAKEAWAYS
* New Risk Off Environment for Equities
* Commodities Leading
The S&P500 trend conditions have reversed into "NoGo" and strengthened to purple bars. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds...
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GNG TV: Materials, Industrials, Financials, Oh My...!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
On this week's edition of the GoNoGo Charts show from StockCharts TV, as the S&P 500 continues the rally at all time highs, Alex and Tyler take a look at GoNoGo Trend® conditions of several areas of the market. The recent breakout in Gold has much...
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GNG TV: Active vs. Passive Investing
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
As the S&P 500 digests the rally to all time highs, Alex and Tyler take a look at GoNoGo Trend® conditions of several areas of the market on this edition of the GoNoGo Charts show. Amongst US equity indices, the Nasdaq and S&P offer more constructive...
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GNG TV: Nothing "CRYPTIC" About These Go Trends!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
As the SEC approved spot Bitcoin ETFs Wednesday, investors in a broad basket of cryptocurrencies witnessed strengthening Go trends and substantial advances in trends which took hold in October 2023. In this edition of the GoNoGo Charts show, Alex and Tyler review current trends across asset classes and sector groups....
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GNG TV: Remaining Objective About Trading Rules is CRITICAL!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler take a look at the GoNoGo Trend® conditions of several key areas of the market. The seasonal roadmap of 2023 may be overemphasized by many market commentators, and remaining objective about trading rules is critical in times like these....
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GNG TV: GO TRENDS Emerging Across the Globe!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, as the S&P 500 continues trading at all-time highs on this final trading day of the year, Alex and Tyler take a look at GoNoGo Trend® conditions across asset classes, style boxes, and emerging markets indices. The conditions in the...
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GNG TV: Buying Opportunity or Trend Reversal?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Tyler and Alex dive into the current trends and momentum in the markets, in order to help navigate through the ever-changing landscape of stocks, bonds, commodities, and the dollar. Is the recent pullback in the S&P 500 is just a...
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GNG TV: S&P 500 Breakout -- Will the Rally Continue to All-Time Highs by Year End?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, as equities rally with speed from 4600 to 4700 this week, Alex and Tyler take a look across style boxes, cap scales, asset classes, and sectors, and review small-cap industrials that are part of the broadening leadership groups giving legs to this...
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GNG TV: What Lies Ahead For End-of-the-Year Equities?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to the markets as they apply the GoNoGo suite of tools to all the major asset classes. Starting with a look at macro factors effecting equity investors, they discuss the technical analysis from trend, momentum,...
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GNG TV: S&P Rallies Back to 4300 - Is It a Go?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, as equities rally right on seasonal cue, Alex and Tyler take a look across asset classes, sectors and review a few of the magnificent 7 that are holding up the broad cap-weighted indices. All that can be determined from this week'...
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GNG TV: Looking at a Relief Rally or a Return to Go Trends?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex and Tyler examine the daily weak NoGo trend conditions against the weak Go trend conditions on the weekly timeframe. The model is calculated the exact same way, but longer timeframe...
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GNG TV: Where You Can Find The "Health" in the Market!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler take a familiar approach to the markets, starting at the top and working their way down. Going into the sectors, it is healthcare that is starting to outperform, and within that sector, healthcare providers are taking the lead. Single...
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GNG TV: We're in BIG TROUBLE If Large Tech Stocks Rollover
by Alex Cole,
Co-founder, GoNoGo Charts®
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...
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GNG TV: "Go" Trends in Rates & Dollar Causing Problems for Equity
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, with rates gapping higher and breaking above resistance, Alex and Tyler walk through the macro charts that can have an impact on markets. After discussing rates, they look at the dollar, which also is in a strong "Go" trend.
This...
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GNG TV: Growth & Energy LEAD as S&P Chops Around
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler present trend analysis across the asset classes, sectors, and individual securities. The continued strong "Go" conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) on both the daily and weekly timeframes highlights some headwinds...
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GNG TV: XOP's Strength vs. the S&P's Weakness
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Tyler examines a return to strong "Go" conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) on both the daily and weekly timeframes. The trend following model is clearly to the upside, but momentum has not shown...
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GNG TV: Examining MAJOR Pullbacks within Secular "Go" Trends
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
GoNoGo Charts help investors retain an objective evidence-based view on what is actually happening in the markets, and this week has shown the weight of the evidence on the side of the bulls. In this edition of the GoNoGo Charts show, Alex and Tyler examine the fade of US Dollar...
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GNG TV: On the Lookout for LOVE with GoNoGo Charts
by Tyler Wood,
Co-founder, GoNoGo Charts®
As all eyes watch the Fed in anticipation of this week's Jackson Hole Summit, GoNoGo Charts help investors retain an objective, evidence-based view on what is actually happening in markets. In this edition of the GoNoGo Charts show, Tyler examines US Dollar strength (UUP) and the rally in...
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Why You NEED to Be Practicing Evidence-Based Investing
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
This is the fifth video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
Alex and Tyler bring all the concepts from this series together to form a practical approach to market analysis and trading decisions. By answering just three simple questions, investors...
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GNG TV: Does "NoGo" for the S&P = NEW Opportunities for Active Investors?
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Passive investing and closet indexers beware; the S&P 500 (SPY) signaled strong-form NoGo trend conditions on a daily basis this Thursday. However, in this edition of the GoNoGo Charts show, Alex and Tyler look at how this has signaled some opportunities for active managers who have a tactical...
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Trend (Re)Entry and You!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
This is the fourth video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
Trend-following investors lean heavily on money management practices that let winners run and cut losses short. This fourth video in the GoNoGo Charts® educational miniseries helps traders, analysts, and...
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GNG TV: Stocks Take a Break for That 7th Inning Stretch!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, as US equities take a well deserved break from their strong rallies, Alex and Tyler quantify what investors can expect from both a trend and momentum perspective across the daily, weekly, and hourly timeframes.
This video originally premiered on August 10, 2023....
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Building and BUILDING! The Power of Momentum
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
This is the third video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
Momentum is the next step for technical analysts after identifying trend. This video will help traders, analysts, and investors understand how momentum studies are calculated and what they seek...
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The Biggest Problem with Technical Analysis? Part 2: Trend Following!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
This is the second video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
In this part, Alex and Tyler expand upon the concept of a rules-based approach to trend identification. This video offers real-time examples of trend-following concepts and covers multiple timeframes,...
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GNG TV: Goodbye Growth and Hello Cyclicals
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Tyler and Alex take a top-down approach looking at the markets in terms of trend, momentum, volume, and volatility. Starting with the major asset classes and the macro factors, they look at treasuries, the dollar, gold, oil, and even emerging market equities....
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The Biggest Problem with Technical Analysis? Part 1: Trend Identification!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
This is the first video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
There's a key problem that technical analysis can present to investors. In using technical analysis, our goal is to remove emotion from our decision-making. However, with a...
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GNG TV: Industrial "Go" Trends are a Big Help to a Bull Market
by Tyler Wood,
Co-founder, GoNoGo Charts®
The Home Construction Index (ITB) has been in a solid "Go" trend since June moving within a rising trend channel, and correcting today to the lower bound. In this edition of the GoNoGo Charts show, Tyler Wood, CMT talks through the tenets of trend -- after showing how...
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GNG TV: "All About That Base(ing)" New Go Trends
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler discuss newly sprouting "Go" trends on an absolute and relative basis, across a wide variety of styles and sectors.
This video was originally recorded on July 13, 2023. Click this linkto watch on YouTube.
Learn more about...
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GNG TV: CRUZ-ing into Summer!
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to analyzing the markets. As the temperature heats up, the duo look at the hottest assets, sectors and stocks. They finish by looking at multi-time frame analysis for Norwegian Cruise Lines (NCLH).
This video was...
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GNG TV: Rotation into Industrials, New "Go" Trend
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler review rangebound charts across macro drivers such as yields (TNX), currency (UUP), and commodities (GLD, USO). Relative stability offers a low volatility backdrop for Equities to sustain the bullish Go trend conditions. Within the S&P 500, rotation...
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GNG TV: Small But Mighty -- "Go" Trend in Russell 2000
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler review the recent breakout from the downward-sloping trendline of the Russell 2000 (IWM) and "Go" trend conditions on the daily basis, and neutral trend conditions on the weekly chart. Picking out several individual equities in the small-cap...
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GNG TV: "Building" Go Trends in US Equities
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, drilling into the equity landscape, Alex & Tyler share a GoNoGo Sector Relmap to find the sectors outperforming the rising S&P500. Leadership is now squarely focused on growth equity sectors – XLK, XLY, XLC – information technology, consumer discretionary, and communications are...
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GNG TV: BEER Stocks -- Own What You Know
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Legendary investor Peter Lynch told the world to "own what you know" – meaning use the products and services of companies in the equity market. The Top-Down approach to market analysis yielded some interesting idea generation today. In this edition of the GoNoGo Charts show, using GoNoGo Charts on...
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GNG TV: Dangerous Environment for Passive Investment
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
The rangebound nature of equity indices is a dangerous environment for passive investment vehicles and closet indexers. In this edition of the GoNoGo Charts show, using a top-down approach to their analysis, Alex and Tyler show there are leaders and laggards in each and every sector group, including Financials (XLF)...
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GNG TV: All Quiet on the Wall St. Front
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, even with earnings kicking off, trading activity this week has been remarkably quiet. Alex and Tyler review some of the key lessons shared in their StockCharts TV special "Embracing Volatility" and how we as investors can profit from volatility compression...
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Equities Maintain "Go" Trend as Another Defensive Sector Shows Outperformance
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
How is the overall stock market looking as of the end of last week? Let's take a look at the GoNoGo Asset map below.
Equities remain in the "Go" trend as we start the new week. Treasury bond prices are likewise in a strong "Go,...
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GNG TV: "Go" Trends at Resistance Means Reversion
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Mean reversion is the opposite of trend following. Investment strategies that leverage this occurrence, look to profit on countertrend moves. After an extended price move, asset prices can return to normal or average levels, either within a trading range or within standard deviations of a moving average or trend line....
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GNG TV: US Equities Offer Diversified Opportunities
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
In this edition of the GoNoGo Charts show, Alex and Tyler deliver a view of relative and absolute trends across the investible landscape. The S&P 500 (SPY) confirms a "Go" trend on both daily and weekly timeframes, and Gold ($GLD) shows further upside as the "...
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