Market has bottom according to HYG

iShares iBoxx $ High Yield Corporate Bond ETFArca

Описание

⋅ 29 мая 2022 г., 02:41

This is a monthly chart of the HYG with RSI. It hit an extreme low level on RSI only a few times in the last 12-13 years. The other times are March 2009, January 2016, December 2018 and March 2020. During these times, the equity market had rallied back up to all-time high after a correction or bear market. This could be a potential market bottom again and a buying opportunity. Remember it was gloom and doom in the news everywhere during all these instances. It looks the same this time. Remember trade what the chart tells you not the news.

Комментарий

⋅ 29 мая 2022 г., 05:04

Remember this is for long-term view of the market, not for short-term trading. Please evaluate your own risk.

Комментарий

⋅ 9 июня 2022 г., 19:39

Looks like false signal. HYG could move lower to the 2020 low.

Trend Analysis Chart Patterns

Комментарии

Peter-A

⋅ 9 июля 2022 г., 19:06

There just comes a point where you know HY corp bonds are too cheap, and buyers come in, like right around here. yield to worst is 8.34%.

Investor_NL

⋅ 9 июля 2022 г., 19:19

@Peter-A, Agree. There is a potential double bottom forming right now. If HYG rallies back up, so will the equity market.

Casey22

⋅ 14 июня 2022 г., 19:53

Not sure they have....

Investor_NL

⋅ 14 июня 2022 г., 19:55

@Casey22, yeah not yet. HYG keeps going down. It was a short squeeze at the end of May.

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