Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

GNG TV: “Go” Trends at Resistance Means Reversion

by April 13, 2023
April 13, 2023
GNG TV: “Go” Trends at Resistance Means Reversion

Mean reversion is the opposite of trend following. Investment strategies that leverage this occurrence, look to profit on countertrend moves. After an extended price move, asset prices can return to normal or average levels, either within a trading range or within standard deviations of a moving average or trend line. In this edition of the GoNoGo Charts show, Alex and Tyler review a lot of charts in Go trends that are at or reaching resistance, or prior levels where markets might find overhead supply from sellers.

The objective approach using GoNoGo Charts is to look for momentum divergence in the GoNoGo Oscillator as signs of rejection, or price breaks above prior highs that would facilitate trend continuation. The bifurcated leadership of equity sectors also frames the inflexion point that the US stock market is at right now. Large Cap growth in both tech (XLK) and communications (XLC) is leading; at the same time, defensive sectors such as healthcare (XLV), staples (XLP) and utilities (XLU) are outperforming the benchmark in relative “Go” trends. Alex and Tyler drill into the industry subgroups that are pulling these sectors higher. The message is clear that gold and cryptocurrencies offer the most constructive evidence for continued outperformance.

This video was originally recorded on April 13, 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.

0
FacebookTwitterGoogle +Pinterest
previous post
How You Can Reduce Risk and Improve Timing When Swing Trading
next post
Crude Oil at Major Price Low, Per COT Report Data

You may also like

DP Trading Room: PMO Sort on Earnings Darlings

July 15, 2024

DP Trading Room: SPX Earnings Update

April 14, 2025

Sector Spotlight: Two Sectors Hitting New All-Time Closing...

July 3, 2023

The July 6-Month Calendar Range Hits August Doldrums

August 7, 2023

S&P 500 Falls, Nears First Support Level —...

February 1, 2024

Retail and Regional Banks Will Call the Shots

March 7, 2023

One Rule to Drastically Improve Your Trading

July 3, 2024

Halloween Scare: The Stock Market Ends October on...

October 31, 2024

Swing Trading with Point & Figure

December 29, 2024

Investor Lessons from the World Cup in Qatar

December 21, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Claim Trump nixed top Musk ally from NASA post over Dem donations belied by ex-Dems on team

      June 6, 2025
    • House Budget chairman explains why there’s no ‘pork’ in Trump tax bill after Elon Musk attacks

      June 6, 2025
    • Silver’s Surge is No Fluke—Here’s the Strange Ratio Driving It

      June 6, 2025
    • Friday Feature: Incubate Debate

      June 6, 2025
    • Risch urges ‘top to bottom’ USAID spending review after waste, fraud exposed

      June 6, 2025
    • Universities in Libertarian Land

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,013)
    • Politics (15,547)
    • Stocks (3,131)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.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 © 2025 futureretirementsuccess.com | All Rights Reserved