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

Future Retirement Success

Stocks

DEFENSE IS ON THE FIELD | GONOGO SHOW APRIL 26, 2024

by April 26, 2024
April 26, 2024

The S&P500 trend conditions have continued this week in “NoGo” conditions despite relief rallies. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. This week we again take a closer look at GoNoGo Trend® conditions across sectors that are trending and outperforming. Notably, consumer staples (XLP) and Utilities (XLU) are in “Go” conditions and outperforming US equities ($SPY) on a relative basis. These are characteristically “defensive” sectors of the market and become attractive to investors during periods of weakness across the broad indices.

Alex and Tyler dig deeper into the industry group level within the utilities sector (XLU) to see electricity providers leading relative outperformance. We pull up NextEra Energy (NEE) and Edison (EIX) to showcase these opportunities within the leading industry group of an outperforming sector.

On an educational note, we show an example of bearish divergence and discuss how to interpret such concepts as a sign of trend weakness or exhaustion, not as a trade signal to exit long positions. Using Boston Scientific (BSX) as an example, we can see that Price is our most important indicator for trade decisions, and while momentum waned, the bearish divergence appeared, and we even saw brief negative momentum, that weakness proceeded a gap higher for price action.

0
FacebookTwitterGoogle +Pinterest
previous post
Update: Does the First Amendment Protect the Conduct of January 6 Defendants?
next post
Spotting Downturns Early: Daily or Weekly Charts?

You may also like

The Nasdaq: A Tough Market to Gauge

November 4, 2022

Disney Stock Options Strategy: A Detailed Guide to...

October 18, 2024

Trend Signals and Trailing Stop Examples using XLF...

March 11, 2023

S&P 500 Rises From Bearish to Neutral, But...

April 25, 2025

Earnings for 2023 Q3 Show Market Still Overvalued

January 5, 2024

DP Trading Room: The “Magnificent 7” Mega-Caps

July 31, 2023

UTILITIES TRYING TO “POWER” UP EQUITY MARKETS

June 3, 2024

It’s Large-Cap Growth Stocks (Mag 7) Once Again

October 10, 2024

Stock Market Weekly Update: 3 Valuable Points You...

October 13, 2023

Top 10 Actionable Charts to Watch 2024

March 8, 2024

    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

    • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

      June 28, 2025
    • Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

      June 28, 2025
    • Key blue state Republican says Senate’s local tax write-off offer is a ‘good deal’

      June 28, 2025
    • Key GOP senator defects on crucial vote, imperiling Trump’s ‘big, beautiful bill’ in narrow majority

      June 28, 2025
    • Terror in Gaza: Hamas offers bounties to kill US and local aid workers, group says

      June 28, 2025
    • SCOOP: Blue state Republican could oppose Trump tax bill over Medicaid changes

      June 28, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,851)
    • Stocks (3,177)
    • 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