$HYG - High Yield Bonds Sending a Sign?
As can be seen on its weekly chart, the $HYG appears to be sending a warning signal. On a technical basis, a "Shooting Star" pattern has emerged, coupled with negative divergence in the SMI and RSI indicators.
To us, it appears that high yield bonds are sending a signal that its rallying may be getting a little stretched.
We would caution investors to tread carefully and take some money off the table if in this space.
To us, it appears that high yield bonds are sending a signal that its rallying may be getting a little stretched.
We would caution investors to tread carefully and take some money off the table if in this space.
