This week, HYG temporarily broke back above this line. But today HYG stumbled hard and fell to a price below R1 that is at or near long-term support lines (S1) on both daily and weekly charts, as shown below.
Will S1 now hold?
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| Click Chart to Enlarge |
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| Click Chart to Enlarge |
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The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers for junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.
Financial Disclosure:
The author/publisher has no position in corporate high yield bond funds at the time this article was written.
Financial Disclosure:
The author/publisher has no position in corporate high yield bond funds at the time this article was written.
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