In this week’s edition of the GoNoGo Charts show, as yields pull back and the US Dollar accelerates into the NoGo trend, Alex and Tyler review the new Go trend in the S&P 500 daily chart. US midterm elections are concluding and inflation numbers are coming in softer than expected, while the S&P 500 gaps higher in a 5% upside move. Interestingly, from a relative strength perspective, the leadership of cyclical groups has continued into this new bull phase from areas like Materials, Industrials, financials, energy, healthcare and staples. Having just returned from Mumbai, Alex and Tyler conclude with a view on emerging markets that have outpaced the US in 2022.
This video was originally recorded on November 10, 2022. 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!