In this week’s edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly, Industrials (XLI), Materials (XLB), and Energy (XLE) have proven relative outperformance through the bear market cycle, which historically indicates their role as leaders in the next phase of the market cycle. The message of the market this week also revealed leaders in luxury goods, travel and entertainment subgroups. Alex and Tyler examine many individual equities in the casino, airline, and cruise industries.
This video was originally recorded on January 26, 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!
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