CLICK ON CHART TO ENLARGE High Yield ETF’s JNK & HYG have formed bearish rising wedges, that suggest two-thirds of the time prices will end up lower in the future. Support line of the rising wedge is being tested very hard/starting to give way right now. This pattern becomes very important with the Effective yield [...]
CLICK ON CHART TO ENLARGE Junk Bond ETF (HYG) has created a bearish rising wedge over the past few years. Weakness of late has HYG breaking support at (1) in the chart above. Effective yields on the high yields are hitting the lowest levels in 15 years, even below the lows reached in 2007. In [...]
CLICK ON CHART TO ENLARGE High yield ETF’s (JNK & HYG) are both on 16-month support lines in the 2-pack above. Each time these declines have taken place of late, it reflected a buying opportunity? Different this time? An FYI- as mentioned in the chart above, I believe that the “High Yield Funds” reflect much [...]
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