Monday, November 21, 2022
HomeStockGNG TV: Rally Gives No Reduction as "NoGo" Returns | GoNoGo Charts

GNG TV: Rally Gives No Reduction as “NoGo” Returns | GoNoGo Charts

In a extremely risky morning, markets reacted to an upside shock in each PPI and CPI inflation knowledge. Annualized inflation stays at 8.2% within the US and the S&P 500 gapped decrease on the open. Regardless of a powerful rally again into constructive territory by noon, the pattern stays a “NoGo.”

On this week’s version of the GoNoGo Charts present, Alex and Tyler overview SPY in weekly, faily and 3-minute time horizons to unpack how pattern circumstances are mirrored on a number of views. Reviewing the sharp selloff within the US Greenback index in the present day, $UUP stays in an upward “Go” pattern. Equally, in $TNX, US treasury yields proceed to climb increased. Alex and Tyler overview $DBA, a diversified agricultural commodities ETF, alongside a number of timeframes as effectively to higher perceive what could possibly be a bigger secular transfer within the commodities market.

This video was initially recorded on October 13, 2022. Click on this hyperlink to observe on YouTube. You can even view new episodes – and be notified as quickly as they’re revealed – utilizing the StockCharts on demand web site,, 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.

Tune in to the Wealth365 Summit tomorrow, Friday October 14, at 2pm for an academic presentation from Alex and Tyler on the way to “Clear Up Your Charts!”

Alex Cole

In regards to the writer:
, 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 improvement of analytics instruments for funding professionals. Alex has created and applied coaching packages for giant companies and for personal purchasers. His instructing covers a large breadth of Technical Evaluation topics from introductory to superior buying and selling methods.
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Tyler Wood

In regards to the writer:
is the Chief Working Officer of GoNoGo Charts and a seasoned enterprise government who has led the operational and enterprise improvement actions of groups giant and small. As an government supervisor over the previous 20 years, he constructed and introduced merchandise to market within the academic know-how area and monetary companies business. Because the Managing Director of the CMT Affiliation for over a decade, Tyler has introduced the instruments of technical evaluation world wide to funding corporations, regulators, exchanges, and broker-dealers. Galvanizing distributors, volunteers, and demanding stakeholders round a standard imaginative and prescient, Tyler designed and applied insurance policies and programming that raised the requirements for skilled technical evaluation worldwide.
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