As you can see, when there is a divergence between these too charts the charts tend to go the way that Smart Money predicts.
Currently we havent made a higher high on the smart money while dumb money has, this can still happen but i think caution in the market is required.
CNN business has a wonderful fear and greed indicator. I love it. So I made my own version to track real time sentiment. Im using junk bonds prices - vix volatility to mimic cnn's version.
DIA AAPL GOOGL MSFT TSLA
... 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 ($77) per contract.
... for a .42/contract credit.
Comments: Targeting the strike paying around what the distribution would be were I to actually be holding shares. The last distribution was .351 per share; 5.19% annualized.
it came to our attention the monthly chart of HYG, BTCUSDT, SPX, RUT. they all belong to the same class of speculative assets.
of them, HYG is likely to have the greatest demand for liquidity as it lives out of refinancing its cash flow, let alone its debt.
1. they are synchronized in what concerns the bottoms
2. HYG renewed the lows at...
Get ready for a short term reversal!
Bonds making higher lows while equities make lower lows has been a tell tale sign of a short term bottom so far this year.
As long as we see some follow through early next week, we should get a bounce lasting for at least a week.
Here we have a study between the resulting move from a divergence between High Yield Corporate bonds ($HYG) and SPX. The bond market seems to be ahead of every move when compared to the broader market and hints at strong reversals when divergencies emerge. If we look at every big reversal the last few weeks, $HYG divergencies when compared to SPX have led to a...
Here is a nice example of a bullish Ascending Triangle.
Put/Call ration is 4.31 and Open Interest in top 10 for Sept 16 expiry
After that it's quad witching and FOMC so anything goes.
Volatility I'm sure it's getting tightly wound for quad witching and Powell.
Volatility gained strength today despite indexes being higher.
My overall outlook for volatility...
Starting to see some short term deviation between Q's and HYG. So far this year bonds have been a leading indicator, with equities and tech following behind it. It led the bounce in June and hinted at the drop again mid august. Let's see if we can get some conformation here and hopefully some lower lows.
Hint: look at when they cross
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
Take profit level: $80
HYG tracks a market-weighted index of US high-yield corporate debt.
In general terms, HYG is a perfectly adequate high-yield corporate bond index ETF, with a reasonably good yield. Adequate does not mean good, as the fund compares unfavorably to most of its peers in three key metrics: expense ratio, dividend yield, and total shareholder returns.