SPDR SERIES TRUST BLOOMBERG BARCLAYS HIGH YIELD BOND ETF

AMEX

JNK

This nonsense put up all time highs on daily RSI today. When junk bonds go, everything will go... (down, of course)

NOTE : The low risk trading area reamains higher in the context channel (the gray ribbon) but we're signaling overbought on the trendchannel... This may be a concern if the market reverses here... Cause reversing on trendchannel means there will pbly be a trend trade to come right after... Not the best case scenario for stock though if junks were about to break...

SPX - Stocks run rich to JNK - Junk Bonds and then the correlation re-couples. This tends to indicate a short term bottom in stocks has been reached.

A combination of collated charts I'll be updating as predictors of an impending recession. If these charts aren't screaming look out I don't know what is. Currently looking for decent CDS (credit default swaps) data to add to the mix. Credit to @GetBusy88 for LQD/HYG

Corporate high yield spread is approaching a breakout. Idea - long ITE, short JNK or similar

Slower economic growth and higher interest rates lead to weaker performance in #JNK

Not a bad one for the retirement account paying an almost 5% dividend. Potential buy here if can get above support.

looks like an upside down head and shoulders

Appears like JNK is trapped. Wonder if the market will follow suit.

This is the second week in a roll solid inflows into corporate bonds. This is a bullish indicator for the broad markets. I used 2 weekly charts with different indicators. This is not leading the market lower which it should be.

Perhaps this is another dead-cat bounce? These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the...

This level still looks to be elevated and I expect it to retest the recent low and eventually head towards 7.05 I would be a seller of $spy right here.

Note that this instrument is now trading below the Red Support line. In the past, such breaks, on several occasions were accompanied by a sell-off in risk assets, such as stocks.

This is one chart worth watching . I overlayed SPX on JNK bonds. JNK bonds are breaking down. If you look at the overlay of weekly chart, SPX is making all time highs every few days and Junk bonds did not move much. Now chikou is below price and daily chart is bearish. Macd has been diverging for a while. The divergence is going on forever and one or the other...

Teal and Yellow lines now may act as future support. $JNK $HYG #Trading #investing

$JNK 10YR MONTHLY CHART

$JNK DANGER

The past 5 times JNK has dipped below its 200MA it has recovered. Also has support from trendline.