carman

DAX: GER30 overbrought / new top possible but worry because oil

FX:GER30   The DAX Index
DAX             is around his previous top.
Technical DAX             make a higer low at 9300 area and break the last lower top 9500.
DAX             turn bullish again.
But only because Dagi             talks the market higer.
I not trust the current situation.
Technical DAX             has overbrought RSI
But low oil             price is not good,(-36%) is crash. High Yield Bond Funds, one of the many proxies for junk debt, is off 6 percent over that period.
When high yield underperforms equity, a major credit event occurs. It's the canary in the coal mine."
So watch you stoploss the next weeks !
more red in JUNK jnk today. You are RIGHT in you analysis! something big coming they may fake up first on SPX... then sell HARD HARD Canary in coal mind shakin cause pain comin and he know it.
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