• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock GNG TV: “Go” Trends at Resistance Means Reversion
Stock

GNG TV: “Go” Trends at Resistance Means Reversion

by April 13, 2023
by April 13, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

You Might Also Like
  • New Dow Theory CONFIRMS BULL Phase!
  • Emerging Markets vs. U.S. Markets
  • As Fed Plays with Fire, Focus on Strength, Ignore Intraday Volatility, and Expect the Unexpected
  • Why Stocks are STILL the BEST Investment
Share
0
FacebookTwitterPinterestWhatsapp

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

Top Ten Charts for August: Two Magnificent 7 Stocks Worth...

August 19, 2024

Ready for the Pullback

February 10, 2023

The Halftime Show: Don’t Believe Everything the Analysts Say, It’s...

November 10, 2023

3 WAYS to Pinpoint When a Stocks Uptrend is Ending

December 10, 2024

The Most Important Moving Average to Boost Your Investing Success

October 5, 2023

How To Benefit From a Big Rotation in Asian Markets

June 2, 2023

Generals March On, but Fewer Troops are Following – Get...

February 3, 2024

AI Boom Meets Tariff Doom: How to Time Semiconductor Stocks

December 20, 2024

When to Pull the Trigger: Identifying the BEST Entry Point

January 8, 2025

Major Indexes Have Reached Bull Market Perticipation Levels

June 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,661)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,661)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    S&P 500 Equal Weight ETF Gains...

    July 30, 2024

    Sector Spotlight: Stocks vs. Bonds –The...

    December 22, 2023

    Technical and Fundamental Analysis on US...

    May 15, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here