[ad_1]
On this week’s version of the GoNoGo Charts present, Alex takes the GoNoGo strategy to the markets this week as he appears to be like on the GoNoGo Asset map, noting the NoGo Traits in equities and commodities, whereas the greenback holds on to its “Go” development. After operating by way of macro charts of 10-year charges, the greenback, Gold, and Oil, he discusses the struggles of regional banks and advises a threat administration strategy when taking a look at a chart comparable to that of $KRE. He additionally talks capitalizing on a “NoGo” commerce in $GS. Alex then opens up the GoNoGo Sector RelMap and sees that there’s break up within the map this week as markets are unsure. One space of energy is in Know-how with the sector outperforming the index as a complete. Digging into tech, we see that semiconductors stay in a relative “Go” development, so Alex pulls up a chart from an early-week analysis piece of $NVDA.
This video was initially recorded on March 16, 2023. Click on this hyperlink to look at on YouTube. You too can view new episodes – and be notified as quickly as they’re printed – utilizing the StockCharts on demand web site, StockChartsTV.com, or its corresponding apps on Roku, Hearth TV, Chromecast, iOS, Android, and extra!
New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Study extra concerning the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.
Alex Cole, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software program developer. Over the previous 15 years, Alex has led technical evaluation and knowledge visualization groups, directing each enterprise technique and product growth of analytics instruments for funding professionals. Alex has created and carried out coaching packages for giant companies and for personal shoppers. His instructing covers a large breadth of Technical Evaluation topics from introductory to superior buying and selling methods.
Study Extra
Subscribe to GoNoGo Charts to be notified at any time when a brand new publish is added to this weblog!
[ad_2]