In this week’s edition of the GoNoGo Charts show, Alex takes a look at the markets from a GoNoGo perspective. Using a top-down approach, he discusses the major asset classes and what we are seeing in terms of trend. Diving into macro drivers such as rates, the dollar and oil, Alex notes how these could be headwinds for U.S. stocks if they resolve to the upside and continue in “Go” trends. With that being said, he moves to find where the outperformance exists and discusses charts of the energy and financial sectors. The markets were rocked these last few days, as investors digested what the Fed said. Alex finishes by looking at some of the big stocks talked about this week, $AMD and $BA.
This video was originally recorded on November 3, 2022. Click this link to 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!
Alex Cole, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals. Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies.