In this week’s edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly, Industrials (XLI), Materials (XLB), and Energy (XLE) have proven relative outperformance through the bear market cycle, which historically indicates their role as leaders in the next phase of the market cycle. The message of the market this week also revealed leaders in luxury goods, travel and entertainment subgroups. Alex and Tyler examine many individual equities in the casino, airline, and cruise industries.This video was originally recorded on January 26, 2023. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android, and more!New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Learn more about the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.
About the author:
Alex Cole, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals. Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies.
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About the author:
Tyler Wood is the Chief Operating Officer of GoNoGo Charts and a seasoned business executive who has led the operational and business development activities of teams large and small. As an executive manager over the past 20 years, he built and brought products to market in the educational technology space and financial services industry. As the Managing Director of the CMT Association for over a decade, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Galvanizing vendors, volunteers, and demanding stakeholders around a common vision, Tyler designed and implemented policies and programming that raised the standards for professional technical analysis worldwide.
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