As far as I can see. I am referring to LDQ, HNG for example, all in nice uptrends.
Bear talk is foolhardy IMO.
High yield still very bullish
Started by
fluid
, Oct 04 2013 04:29 AM
3 replies to this topic
#2
fluid
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Posted 04 October 2013 - 04:40 AM
also small caps and mid caps
#3
dasein
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Posted 04 October 2013 - 08:57 AM
http://stockcharts.c...lery.html?s=jnk
looks to me like the RS vs SPX is negative, it has not made a higher high and is in that 'prove me' area - so I would not consider it a strong uptrend -PnF still has higher targets but the MA200 just crossed above the MA50 - price is still above both, but it signals caution to me.
nice thing is there are gaps below so depending if the recent gap holds or not, you will have a much more clear indication.
so dont say no-one answered your hi yield post, and be glad that not everyone agrees with you - that is what makes a market!
looks to me like the RS vs SPX is negative, it has not made a higher high and is in that 'prove me' area - so I would not consider it a strong uptrend -PnF still has higher targets but the MA200 just crossed above the MA50 - price is still above both, but it signals caution to me.
nice thing is there are gaps below so depending if the recent gap holds or not, you will have a much more clear indication.
so dont say no-one answered your hi yield post, and be glad that not everyone agrees with you - that is what makes a market!
best,
klh
klh
#4
fluid
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Posted 04 October 2013 - 09:05 AM
Is your chart indicating a crash, collapse, or impending bear market? Of course it isnt. Buying the dips here with stops is right IMO.
