2021-10-11

A Line in the Sand

=High yield ETF HYG approaching a breakdown, similar chart for JNK. A rise in credit spreads is kryptonite for the bulls, almost stocks always drop when credit risk spikes.
Chipotle lost its March 2020 trendline this morning, but won't accelerate down until it breaks last week's low.
Energy too.
Posted by at 9:54 AM
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