HYG (junk bonds) has a bearish daily chart and so its evil twin, SJB (junk bond short fund) has a corresponding bullish daily chart. I own Thing 2 (having added to it on junk’s last bounce to the moving averages) as long as that remains the case.
Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.