High Yield Credit signalling bad things to come

If this HY chart is correct markets could be about to face a sell-off in corporate debt. Even moderate contagion could be quite an event given that markets have shrugged off everything that’s happening.

I don’t see a way that the CB’s won’t be riding in to “save” us very shortly. Fed first to announce a charity QE to ease markets?

Commodities, commodity currencies such as AUD and Gold.. Like ive been saying all year.. No where else to be in my opinion.

High Yield Credit ETF right at steep resistance

^D4C0F44739EDA5391B4C7296782DF8B244D6CB7755E30B4684^pimgpsh_fullsize_distr

The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan
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1 comment

  1. snake eater   •  

    Creep, don’t forget natural gas. 😉

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