Today is Friday; however, when the markets drew to a close on Thursday, it left both major events behind itself while it also navigated the weekly options expiry. The markets are having an immensely volatile week; with the last trading day of the week yet to unfold, the weekly bar […]
GNG TV: Big Moves as Bulls See Risk-On Environment
In this week’s edition of the GoNoGo Charts show, Alex and Tyler take a macro top-down approach to understanding what technical analysis is telling us about market moves. Starting with an Asset Map and moving through treasury rates, gold, the dollar, and the S&P 500, they use GoNoGo Charts to […]
Joe’s Best-Looking Sectors
On this week’s edition of Stock Talk with Joe Rabil, Joe shows off a different pattern that was not included in his book. Using MACD and Price/MA together, we can identify a potential turning point. This pattern is a different form of momentum divergence and just took place on the […]
You Gotta Love a Good Wedgie
In the second half of 2022, the price chart for XLY started to form a falling wedge pattern. This pattern or formation is characterized by two converging trendlines, BOTH moving lower. The falling wedge variant comes in two variations. It can be either a continuation within an established uptrend or […]