HYG Daily Trend Down since September with zero total return
Trend down since September 2014 for HYG
US Junk Bonds are still Trending Down Means investors are taking Risk Off the Table
Trend Down means a 2-month low in an indicator that measures the ease of movement in the market and it has stayed in a down trend position since then. The magnitude of the decline isn't that great here, as the trend turned down in September with HYG at a little over 91. It is only down to 87.40 as I type (and HYG has paid monthly dividends of roughly 40cents for 10 months now, so they are really at BREAKEVEN right here).
Still, when risk taking earns you zero profits after 10 months, it certainly means there are no profits to distribute (and spend in the real economy) and boost the mood.
If you aren't looking at HYG then start watching it. You can also watch JNK, another High Yield Corporate Bond ETF.
Strategy: Sell short when CCI > +100 as in the other red boxes above. Cover some of the short position as CCI reaches -100. ]
Tim 2:19PM EST Monday, August 3, 2015
US Junk Bonds are still Trending Down Means investors are taking Risk Off the Table
Trend Down means a 2-month low in an indicator that measures the ease of movement in the market and it has stayed in a down trend position since then. The magnitude of the decline isn't that great here, as the trend turned down in September with HYG at a little over 91. It is only down to 87.40 as I type (and HYG has paid monthly dividends of roughly 40cents for 10 months now, so they are really at BREAKEVEN right here).
Still, when risk taking earns you zero profits after 10 months, it certainly means there are no profits to distribute (and spend in the real economy) and boost the mood.
If you aren't looking at HYG then start watching it. You can also watch JNK, another High Yield Corporate Bond ETF.
Strategy: Sell short when CCI > +100 as in the other red boxes above. Cover some of the short position as CCI reaches -100. ]
Tim 2:19PM EST Monday, August 3, 2015
註釋
10% lower and still trending down.
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。