Positioning For Today's High-Yield Sell Signal |
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August 09, 2014 |
August 2014 Bond Updates
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A few weeks ago I wrote about the coming default wave in the high-yield bond market and recommended a tactical strategy for that possible scenario (See Code Red in High Yield). This may be an opportune time to put that strategy to the test. Recently the strategy flashed a sell signal when the SPDR Barclays High Yield Bond ETF (JNK) dropped below its 21 week exponential moving average, a form of smoothing the price trend line.
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View more at: http://www.forbes.com/sites/greatspeculations/2014/08/08/positioning-for-todays-high-yield-sell-signal/
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