GNG TV: Small However Mighty — “Go” Pattern in Russell 2000 | GoNoGo Charts

2 views 12:37 am 0 Comments June 9, 2023


On this version of the GoNoGo Charts present, Alex and Tyler evaluate the current breakout from the downward-sloping trendline of the Russell 2000 (IWM) and “Go” development circumstances on the every day foundation, and impartial development circumstances on the weekly chart. Choosing out a number of particular person equities within the small-cap development area, they see alternatives in synthetic intelligence, software program firms and biotech shares ($AI, $VTSI, $BLND, and $XBI).

This video was initially recorded on June 8, 2023. Click on this hyperlink to observe on YouTube. You too can view new episodes – and be notified as quickly as they’re printed – utilizing the StockCharts on demand web site, StockChartsTV.com, or its corresponding apps on Roku, Fireplace TV, Chromecast, iOS, Android, and extra!

New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Be taught extra concerning the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.


Charles H. Dow declared the significance of closing costs, significantly over longer timeframes. In final week’s version of the GoNoGo Charts present, we check out some month-to-month charts to realize perspective on present market strikes and supply context to the rangebound consolidation of each US Equities and Treasury Yields.

Wanting on the relative efficiency of US indices, we will see the outperformance of development over worth (QQQ:DIA). Underneath the hood of the rising S&P 500 (SPY) – which is at present in “Go” development circumstances on a Every day, Weekly, and Month-to-month foundation – we see sturdy relative outperformance from three sectors: Data Know-how (XLK), Shopper Discretionary (XLY), and Communications (XLC). Highlighting a number of key leaders each day, Alex and Tyler focus on the idea of polarity, as many charts broke above resistance and are actually retesting the identical value ranges for assist. Particularly, mega-cap development firms from the three main sectors in “Go” tendencies on their respective every day charts embody Apple, Amazon, Nvidia, Tesla, and Meta. Noting that technical evaluation offers a toolkit that may be utilized on any timeframe, Alex and Tyler transfer to intraday 30-minute bars to see danger administration and alpha seize situations in Lucid Group, SoFi Applied sciences, and Carvana.

This video was initially recorded on June 1, 2023. Click on this hyperlink to observe on YouTube. You too can view new episodes – and be notified as quickly as they’re printed – utilizing the StockCharts on demand web site, StockChartsTV.com, or its corresponding apps on Roku, Fireplace TV, Chromecast, iOS, Android, and extra!

New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Be taught extra concerning the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.

Alex Cole

Concerning the creator:
, CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software program developer. Over the previous 15 years, Alex has led technical evaluation and knowledge visualization groups, directing each enterprise technique and product improvement of analytics instruments for funding professionals.

Alex has created and carried out coaching applications for big companies and personal purchasers. His educating covers a large breadth of Technical Evaluation topics, from introductory to superior buying and selling methods.
Be taught Extra

Tyler Wood

Concerning the creator:
, CMT, co-founder of GoNoGo Charts, is dedicated to increasing using knowledge visualization instruments that simplify market evaluation to take away emotional bias from funding selections.

Tyler has served as Managing Director of the CMT Affiliation for greater than a decade to raise traders’ mastery and ability in mitigating market danger and maximizing return in capital markets. He’s a seasoned enterprise government targeted on academic know-how for the monetary providers business. Since 2011, Tyler has offered the instruments of technical evaluation world wide to funding companies, regulators, exchanges, and broker-dealers.

Be taught Extra

Subscribe to GoNoGo Charts to be notified every time a brand new submit is added to this weblog!

Leave a Reply

Your email address will not be published. Required fields are marked *