In this week’s GoNoGo Show, Alex and Tyler are reminded of the core tenet of technical analysis: prediction, presumption, forecasting and estimation are fertile ground for behavioral bias and emotional baggage. The scientific money manager simply reacts responsibly to market moves looking at the weight of the evidence available.

 

00:00 – Intro

00:52 – GoNoGo Asset Class Heat Map

02:45 – SPY – Daily, Weekly, 2hr

08:00 – 10-year US Treasury Yield ($TNX) – Daily

09:50 – US DOLLAR (USD – UUP daily then weekly)

13:20 – US OIL (USO – Continued NoGo)

15:27 – GoNoGo Sector RelMap – call out XLY & XLF & XLU

20:18 – NRG Energy (NRG), NextEra Energy (NEE)

22:25 – Financial Select Sector SPDR Fund (XLF)

 

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