BATS:JNK   SPDR Bloomberg High Yield Bond ETF
another leading indicator showing weakness. JNK wasn't able to break it's resistance around 40 .50 and formed a H+S in process (i think). It's currently support by it's 200 ma , which represent strong support. However , if broken , you might want to look at going long 30 years treasuries ( TLT ). In fact , JNK and TLT have a nice negative correlation.


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