As shown by the dashed blue lines on both daily charts below HYG and WTIC face steep short-term resistance. So far, it appears both are having trouble with these lines.
It would seem to me that the first sign of a sustained rally would first require breaking through these lines.
click chart to enlarge |
click chart to enlarge |
Please remember that this is not investment advice. You alone are responsible for your investment decisions. See disclaimers below and elsewhere on this website.
Not Investment Advice | Important Disclaimer:
Financial Disclosure:
The author/publisher has no position (long or short) in corporate high yield bond funds or crude oil at the time this article was written. This position may change depending on future price action.
Base Chart Provided Courtesy of StockCharts.com. Analysis and Annotation by JunkBond Recycling.com (all rights reserved)
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