In this week’s edition of the GoNoGo Charts show, Tyler looks at the nature of trends in defensive sectors through GoNoGo charts. Leading sectors include consumer staples and healthcare. Considering the ratio of SYY:CSCO, we can see through the GoNoGo Trend identifies that toilet paper is outpacing technology in 2022. Digging into Merck and Biotech, Tyler observes new “Go” trends in the healthcare arena are providing some opportunities to the long side in an otherwise bearish US Equity market.
This video was originally recorded on July 7, 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, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!