As the S&P 500 digests the rally to all time highs, Alex and Tyler take a look at GoNoGo Trend® conditions of several areas of the market on this edition of the GoNoGo Charts show. Amongst US equity indices, the Nasdaq and S&P offer more constructive conditions than the Dow. This week, the duo look at the disparity between leaders and laggards within the Dow, which is suggesting that passive indexing may be problematic in rangebound markets.
This video originally premiered on January 18, 2024. Click this link to watch on StockCharts TV.
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