AMEX:HYG   ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF
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High Yield Corp Bonds are trying to turn
up from oversold. The recent selloff in HYG
was giving us the heads up that stocks were
vulnerable. The way to trade this setup is to
buy HYG and short SPY . $2 in HYG vs $1 in SPY .

Tim 4:32PM EST HYG 92.69 last, SPY 200.48 last.
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HYG dividend 0.39 on 10/1/2014
HYG 91.84 last = 92.23 last down .46 (x double position)
SPY 194.38 last = down 6.10 pts or 3.13%
Net P&L = +2.13% (HYG -1%, SPY +3.13%)

Reply
SPY 198.08 (vs 200.48) = 2.40 pts profit or 1.2%
HYG 92.54 (vs 92.69) = 0.15 pts loss or 0.2% X 2 = -0.4%
Net trade +0.80%
Reply
HYG 92.99 last +0.30, SPY 201.27 +0.79
HYG +0.33%X2 =+0.66%
SPY +0.37% = -0.37%
Net trade +0.29%
Reply
thanks for this post
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