http://stockcharts.c...ry.html?JNK:TLT
Uptrend broken on daily...MACD negative
Below 50 DMA which is declining.
Top formation suggest a target of .32 (The Jan Gap...which equates to the Jan SPX Gap at 1440)
On Weekly chart 10 month uptrend broken.
Weekly MACD 18 month uptrend broken and has turned negative.
http://www.zerohedge...exit-stage-left
" State Street reports that yesterday saw the 2nd biggest withdrawal ever from their $11.6bn JNK ETF. Around $380mm (or over 3%) was redeemed...- and we note the price did not exactly reflect that kind of unwind. The more worrying feature is that the last time HY credit investors were this 'sure' was May 2012 and it pre-empted a 9% drop in the S&P 500 and 5% drop in JNK price. The divergence remains extreme."
http://www.zerohedge...0130409_JNK.jpg
and closer up this year....
http://www.zerohedge...130409_JNK1.jpg
Harbinger for an imminent sell off in SPX?
Started by
tomterrific14
, Apr 09 2013 03:26 PM
No replies to this topic