This is not something I would use as a trading signal by itself, but it is a good indicator on the weekly chart of how bigger players are viewing risk appetite. High yield corporate bonds, as seen reflected in ETFs like AMEX:HYG and AMEX:JNK , are an interest data point. High yield implies that these are riskier bonds with a higher chance of default on the...
High yield corporate bonds show a significant correlation with the risk-on/risk-off sentiment for the S&P 500 (SPX). As we can observe, the current market structure resembles a wedge, which can technically serve as both support and resistance. To add complexity, we're currently at a channel resistance level, which also happens to be a historic trendline. This...
OKX:PEPEUSDT continues its weakness relative to CRYPTOCAP:BTC and broader "risk on" signal markets such as $NQ! This latest dip was driven by an extremely negative news event - Grifter Gensler and his band of goons at the SEC are employing some bank-collapse-contagion-red-herring tactics by suing Binance. This news allowed the bears to take control and we...
Appears we are running out of risk appetite. Put also looks like we have built a very nice base for a significant move higher. Hopefully, that's a risk on move, not a risk-off move. Personally, I believe we have already corrected in each individual sector, it just didn't happen all at once like it normally does. According to this, risk aversion and sentiment...
HYG daily bullish hammer above 100 day moving average if we break above we can run into 200
$HYG looks like it's about to fall. There's a H&S pattern forming on the 4Hr timeframe and price just rejected the 200DMA. Should price break support at $73.05, I think we'll see a quick move down to the $69 region, maybe even lower. I've taken some puts just incase this plays out.
HYG hourly chart TIME is running OUT for the rally in SPY QQQ I have now moved back to 100 % cash sold the 75 % net long at 4144
The chart is what I have felt is the most important chart to watch for sometime . We rallied and stopped right at the trend line . I have watching this as to it will become an issue for the sp 500 going forward . best of trades WAVETIMER
I’m not sure if SPX/HYG divergence is reliable moving forward, but this indicator has proven pretty effective last year. We are currently diverging again, last 3 major divergences created pull backs of -17%,-13%, -21% Any thoughts from my fellow analysts? Any other divergence indicators you can share with high probability? Good luck to all
The chart posted is that of debt in corp market lqd We bounced off the .618 in what looked to be a large ABC DECLINE .But it can also be counted now as wave 5 of 3 down which would mean we would see another leg down to 89. 8 soon
... for a .35/contract credit. Comments: With the November 18th 69 converging on .10, rolling it out for a credit about equal to the monthly dividend. Total credits collected of .42 (See Post Below) plus the .35 here for .77 ($77) per contract.
In part 2 I take a quick look at high yield corporates and describe a common mistake made in using ETF ratios to monitor changes in credit risk. Part one and an earlier piece that described how to use the TradingView platform to monitor secondary market credit spreads are linked below. If there is any one thing that will produce a Fed policy a pivot, it is...
... for a .42/contract credit. Comments: Targeting the strike paying around what the distribution would be were I to actually be holding shares. The last distribution was .351 per share; 5.19% annualized.
dear fellows, it came to our attention the monthly chart of HYG, BTCUSDT, SPX, RUT. they all belong to the same class of speculative assets. of them, HYG is likely to have the greatest demand for liquidity as it lives out of refinancing its cash flow, let alone its debt. notice how 1. they are synchronized in what concerns the bottoms 2. HYG renewed the lows at...
There is some discussion taking place regarding the divergence of SPY and HYG during the last few days and this divergence is a signal for marking the market bottom. I would like to point out while this generally is a true indication of a potential reversal/bottom (under normal circumstances). We are not dealing with normal circumstances. The same signal existed...
TOP WAVE STRUCTURE the chart posted a week ago is very clear we have peaked in ALL interest rates and A major I..T. top in U.S. $ Iam 75 % net short the DXY at 109 I stated the alt target was 110.25 the original projection was 114/116 DO NOT BE LONG THE US $ THIS SHOULD BE A STRONG POSITIVE FOR BONDS STOCKS and ALL Metals move to a net long Silver...
The chart posted is that of hyg the junk bond market . so far we all three waves within the structure . if we hold here at a .887 golden ration we would then see the last rally this market will see for years to come we would then see wave E UP THIS WOULD BE WAVE B TOP
DXY/HYG is close to 1.5. It has only been this high 4 times since 2000. It is a risk-off signal, but it is a signa of market bottom as well.