Yep - lots of small indicators keep showing up that haven't mattered much..... Please pass the popcorn cause I'm not worrying about it. My reason is posted.
I posted this earlier in another forum....
A HYG sell signal. Will it be a whipsaw or the start of something? Watching since I'm flat..... HYG is on my chart below, and is now below its 10 DMA again. It has been moving sideways for weeks and looks weak.... The reason I track it too Jeff explains below. The warning signals keep adding up, but this market continues to trend higher.... That keeps me flat based on the Risk Reward data... . This will be day 30 since the daily VXF buy signal, and the VXX sell signal..... A very nice move up....
Jeff Clark's Market Minute
This Small Loss Could Be a BIG Deal
Published November 20, 2019 - 7:30 AM
Junk bonds had a bad day yesterday.
While the S&P 500 continued to levitate near all-time highs, the high-yield bond market got hit with some selling pressure. The iShares iBoxx High Yield Corporate Bond Fund (HYG) dropped 0.36%.
Skeptics will scoff at that action. They’ll say HYG is up more than 12% for the year so far. A one-day loss of 0.36% is nothing.
But… it could be a big deal.
Edited by robo, 20 November 2019 - 08:32 AM.