The rangebound nature of equity indices is a dangerous environment for passive investment vehicles and closet indexers. In this edition of the GoNoGo Charts show, using a top-down approach to their analysis, Alex and Tyler show there are leaders and laggards in each and every sector group, including Financials (XLF), which continue to dominate headlines as more regional and community banks implode.
This video was originally recorded on May 4, 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.