As the charts below show, today two corporate high yield bond ETFs and one of the key leading mutual funds we track are attempting to break out of descending channel resistance that extends back to late summer 2014. This follows a breakout from short-term pennant and ascending triangle patterns discussed in previous posts.
The Relative Strength Index, (momentum or RSI, top part of chart) also shows that momentum is increasing.
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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 positions in several corporate high yield bond mutual funds at the time this article was written
Financial Disclosure:
The author/publisher has positions in several corporate high yield bond mutual funds at the time this article was written
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