In this week’s issue, GoNoGo chart On the show, Alex takes a look at the major assets and points out that the stock has surrendered to the NoGo trend this week. Treasury yields rising with the dollar could be a headwind for equities. Within the S&P 500, the growth sectors are trying to maintain their outperformance, while the defense sector continues to underperform. However, a closer look at the discretionary department shows signs of trouble here as well. Finally, a look at the TSLA shows cracks in the carmaker’s armor.
This video was originally recorded on March 2, 2023. please click this link Watch on YouTube. You can also use the StockCharts On Demand website to view new episodes and be notified as soon as they are published. StockChartsTV.comor compatible apps for Roku, Fire TV, Chromecast, iOS, Android, and more!
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Alex Cole, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. For the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytical tools for investment professionals. Alex has created and conducted his training programs for large companies and individual clients. His teaching covers a wide range of technical analysis subjects from introductory to advanced trading strategies.learn more