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On this week’s version of the GoNoGo Charts present, Alex discusses one other fascinating week within the markets. We are able to see that the tendencies stay unchanged; “Go” tendencies persist in equities, commodities, the greenback and bitcoin. What’s of notice, nevertheless, is that solely the dollar’s pattern is portray robust blue bars. There may be weak point within the pattern of equities, as we are able to see by the paler aqua bars. Value might want to discover assist over the subsequent a number of periods if we’re to see a brand new larger excessive. The hypothesis of much more important fee hikes is having an influence on the greenback because it continues to strengthen.
Alex walks by way of the charts of the week and spots alternatives in industries more likely to outperform. Firms which are set to carry out nicely because the greenback stays robust are these corporations primarily based exterior the U.S. however that do enterprise with us. Agricultural commodities similar to wheat additionally look robust, and so Alex takes a take a look at one of many greatest corporations in that house.
This video was initially recorded on April 14, 2022. Click this link to look at on YouTube. You may as well 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.
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 big 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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