On this week’s version of the GoNoGo Charts present, Alex discusses one other fascinating week within the markets. We will 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 buck’s development is portray sturdy blue bars. There may be weak point within the development of equities, as we are able to see by the paler aqua bars. Value might want to discover help over the subsequent a number of periods if we’re to see a brand new larger excessive. The hypothesis of much more important price hikes is having an influence on the greenback because it continues to strengthen.
Alex walks via the charts of the week and spots alternatives in industries prone to outperform. Corporations which can be set to carry out effectively because the greenback stays sturdy are these corporations primarily based exterior the U.S. however that do enterprise with us. Agricultural commodities equivalent to wheat additionally look sturdy, and so Alex takes a have a look at one of many largest corporations in that house.
This video was initially recorded on April 14, 2022. Click on this hyperlink to observe 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.
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 applied coaching applications for big firms and for personal purchasers. His educating covers a large breadth of Technical Evaluation topics from introductory to superior buying and selling methods.
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