Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, February 11, 2018
HYG High-Yield Corporate Bond ETF Weekly Chart
Keystone called the top in the high-yield instruments with the negative divergence and rising wedge (red lines) and the spankdown occurs. It is hard, fast and nasty as the collapses from rising wedges typically are. Watch HYG and JNK since further weakness in the high-yield area will forecast further weakness for the stock market. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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