HYG — Short Short

iShares iBoxx $ High Yield Corporate Bond ETFArca

Description

⋅ Jan 31, 2016 5:20 PM

In a down trend. It may come up to $81 before resuming the downward trend.

A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.

Trade closed: target reached

⋅ Feb 28, 2016 12:08 AM

Covered at $76.50.

Comments

GMOTruths

⋅ Feb 2, 2016 5:33 AM

Looking for price to go below $75 soon.

GMOTruths

⋅ Feb 15, 2016 5:20 PM

Price target hit & covered.

Will re-short around 77.50.