timwest

REPUBLISHING SPY vs HYG chart from 9/11/2014

AMEX:SPY   SPDR S&P 500 ETF
488 4 12
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HYG             is High Yield Corp Bonds:

The HYG             peak to trough is drawn first, then the SPY             box is drawn.

Note how this drop in HYG             doesn't have much of a corresponding drop in SPY             .

This spells trouble. Get short when breaking under previous day's lows.

Tim 4:07PM EST 9/11/2014
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broken87
2 years ago
I am not quite sure how you are measuring the kind of drop you expect to see in the SPY based on the HYG?? Could you at least tell us where you expect the SPY to go based on the action in HYG?? Thank you sir in advance
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Will Wong broken87
2 years ago
It seems to me from the above charts that there was no exact correlation of the SPY drop to the HYG drop. The point is that there was always a drop in SPY (size varies) during the same time period when there was a drop in HYG, except in the last drop in HYG. This is what I am reading.
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timwest PRO Will Wong
2 years ago
I show that HYG drops and the SPY follows. If HYG is dropping hard, you better watch out in SPY.
Reply
tompower
2 years ago
Okay u r using this as a leading indicator. so you should see a bigger drop as result of this because the first one broke harder
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