Kom igång
dpuleo19

Good news for stocks, bonds are bottoming $JNK

Lång
SPDR Bloomberg High Yield Bond ETF (AMEX:JNK)  
dpuleo19  
AMEX:JNK   SPDR Bloomberg High Yield Bond ETF
Trend Analysis Technical Indicators JNK SPDR S&P 500 ETF (SPY) correlation bottom Bullish Divergence
1
0
trendanalysis indicator jnk spy correlation bottom bullishdivergence
JNK is an ETF that tracks rated high-yield bonds or "junk bonds". These are the bonds rated Ba1 & BB+ by Moody's Investors Service, Inc., & Fitch Inc. respectively.

The bullish divergence with the ROC is pointing out that a bottom is near.

Bonds bottoming is a good sign for the market and breakout to the upside should confirm a healthy uptrend for stocks.

This ETF has a high correlation with the SPY ; 0.7021 for the last 3 years, so, let's wait and see.

Liknande idéer

dpuleo19
Bonds near reverting its downtrend, $TLT
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.