Energy & Financials Lead While Rates Jump Higher

In this week’s edition of the GoNoGo Charts show, we have “Go” conditions on the daily chart. US Equities still hovering at inflection point. Overall, we have “NoGo” Conditions for the trend of the S&P 500, but the GoNoGo Oscillator is breaking through the zero line. We’ll see if positive momentum can carry the markets higher.

Tyler and Alex share insights from the bond market’s reaction to CPI data reported this morning. Inflation jumped 7.5% yr/yr – more than economists expected, and posting the largest gain in 40 years, as well as an acceleration from the 7.0% year-over-year increase seen in December. GoNoGo Charts look to the Financials and Energy sectors for strong relative and absolute Go trends in this rising-rate environment. Ten-year yields are breaking out above 2% as the $TNX paints strong “Go” trend conditions.

This video was originally recorded on February 10, 2022. 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,, 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.