Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Stocks

GNG TV: Defense is Still on the Field

In this week’s edition of the GoNoGo Charts show, Alex and Tyler examine a market that is largely consistent with the choppy downtrends and defensive characteristics of the prior year. The major difference across the asset classes is that the US Dollar index is in a NoGo and Gold has finally begun to shine. The threat of further rally in treasury yields is present, but currently unconfirmed. Within US Equities, Alex and Tyler look closely at Utilities (XLU) and the Excelon Corporation (EXC), a $36B Chicago-based electricity company. In addition, the recent relative strength of the Financials sector (XLF) against the benchmark provided an interesting trade idea on Jefferies Investment Bank (JEF).

This video was originally recorded on January 5, 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

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.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 rightdecisionnow.com | All Rights Reserved