Corporate High Yield Bond Mutual Fund NHINX, which we view as a trend leader based on past experience, continues to break support lines, both short and longer-term, on the daily chart shown below.
Corporate High Yield Bond ETF HYG had a relatively flat day today. Mutual funds performed much worse. If mutual funds are an indication, tomorrow could be a tough day for HYG.
At some point, high yield bond funds will provide a good buying opportunity. When? We shall see.
 |
| Click Chart to Enlarge |
Not Investment Advice | Important Disclaimer:
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.
No comments:
Post a Comment