As all of Wall Street dissects CPI data and what that might mean for the Fed’s next rate hike, Alex and Tyler look through what is actually happening from a price perspective in this week’s edition of the GoNoGo Charts show. With inflation coming in softer for December, sovereign bonds are stabilizing. Fixed Income “Go” trends mean the pressure is coming off risk assets as yields fall lower. Interestingly, dollar weakness is also providing tailwinds to a long-awaited, much-anticipated rally in Gold and other precious metals. Within the equity space Alex and Tyler flip through many individual names in the Materials, Financials and even consumer discretionary space with new breakouts to the upside and key inflection points for their respective GoNoGo Charts including Berkshire Hathaway, Freeport McMorran, Dow Holdings, Carvana, Dave & Busters, and Bed Bath and Beyond. Yet the clearest evidence for risk appetite is depicted in the fresh Go Trend for Bitcoin.This video was originally recorded on January 12, 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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