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

Future Retirement Success

Stocks

GNG TV: Small But Mighty — “Go” Trend in Russell 2000

by June 8, 2023
June 8, 2023
GNG TV: Small But Mighty — “Go” Trend in Russell 2000

In this edition of the GoNoGo Charts show, Alex and Tyler review the recent breakout from the downward-sloping trendline of the Russell 2000 (IWM) and “Go” trend conditions on the daily basis, and neutral trend conditions on the weekly chart. Picking out several individual equities in the small-cap growth space, they see opportunities in artificial intelligence, software companies and biotech shares ($AI, $VTSI, $BLND, and $XBI).

This video was originally recorded on June 8, 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.

Charles H. Dow declared the importance of closing prices, particularly over longer timeframes. In last week’s edition of the GoNoGo Charts show, we take a look at some monthly charts to gain perspective on current market moves and provide context to the rangebound consolidation of both US Equities and Treasury Yields.

Looking at the relative performance of US indices, we can see the outperformance of growth over value (QQQ:DIA). Under the hood of the rising S&P 500 (SPY) – which is currently in “Go” trend conditions on a Daily, Weekly, and Monthly basis – we see strong relative outperformance from three sectors: Information Technology (XLK), Consumer Discretionary (XLY), and Communications (XLC). Highlighting a few key leaders on a daily basis, Alex and Tyler discuss the concept of polarity, as many charts broke above resistance and are now retesting the same price levels for support. Namely, mega-cap growth companies from the three leading sectors in “Go” trends on their respective daily charts include Apple, Amazon, Nvidia, Tesla, and Meta. Noting that technical analysis provides a toolkit that can be applied on any timeframe, Alex and Tyler move to intraday 30-minute bars to see risk management and alpha capture scenarios in Lucid Group, SoFi Technologies, and Carvana.

This video was originally recorded on June 1, 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
High Court Sticks With Flawed Racial‐​Redistricting Standard
next post
Rep. Ryan Zinke rips politicians ‘complaining’ about smoke in DC, blames fires on lack of forest management

You may also like

Sector Spotlight: This Sector is On Fire

February 21, 2023

Why Cisco’s Stock Reversal Could Be a Game-Changer

December 12, 2024

Wall Street Banks Favored Over Main Street’s Regional...

December 17, 2022

The Deception of Average

September 14, 2022

Equal-weight Semis Break Down – Is SOXX Next?...

October 16, 2023

Nvidia Breaks the 50-day SMA: Is This a...

July 26, 2024

DP Trading Room: Finding Pockets of Strength in...

August 14, 2023

Should we Continue Taking Trend Signals after Whipsaws?

February 25, 2023

Where is the Market Finding Joy?

March 20, 2023

Sector Spotlight: Stocks Entering Year’s Strongest Month

March 28, 2023

    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

    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,562)
    • Stocks (3,135)
    • 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