Começar
dpuleo19

Good news for stocks, bonds are bottoming $JNK

Viés de alta
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.

Ideias Relacionadas

dpuleo19
Bonds near reverting its downtrend, $TLT
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.