AMEX:HYG   ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF
69 0 5
http://www.bloomberg.com/news/articles/2016-04-05/the-coming-default-wave-is-shaping-up-to-be-among-most-painful

http://www.cnbc.com/2016/04/07/socgen-warns-of-tidal-wave-of-corporate-default.html

http://www.zerohedge.com/news/2016-03-28/ytd-corporate-default-jump-highest-2009

Credit ratings of the US firms are deteriorating fast-pace. This year we will see new record in corporate defaults. We have seen this year already 32 global corporate defaults (2009 there was 42, this year we will have more than that!).
This could be a turning point of this nonsense rally.
Short if the neckline breaks. Potential H&S formation.
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