Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Stocks

GNG TV: All Quiet on the Wall St. Front

In this edition of the GoNoGo Charts show, even with earnings kicking off, trading activity this week has been remarkably quiet. Alex and Tyler review some of the key lessons shared in their StockCharts TV special “Embracing Volatility” and how we as investors can profit from volatility compression and trading in the direction of the break – whether for trend continuations or reversals. US Dollar ($UUP) Treasury Rates ($TNX) and even US Oil ($USO) are showing consolidation at support/resistance levels; the direction of trends will be determined by price activity at these key levels.

Diving into the sectors of the S&P 500 on a relative strength basis shows that the bifurcated market remains. Leadership from XLK and XLC is contradicted by strength in defensive sectors like Healthcare (XLV), consumer staples (XLP) and utilities (XLU). It’s an important moment as well for FCX, as the duo explain how the industrials and materials companies have begun to show signs of “construction.”

This video was originally recorded on April 20, 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.

    You May Also Like

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    Facebook is being challenged in the High Court over the personal details it collects on users in a case that threatens the company’s business...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved