Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

U.S. High-Yield Corporate Bonds ETF Remains Unstable

By -

Price on the High-Yield Corporate Bonds ETF (HYG) has weakened further since my late-January post.

It’s now trading in between major resistance and support levels of 86.00 and 83.00, respectively, as shown on the following weekly comparison chart of HYG and the Russell 2000 Index (RUT). Volumes spiked to record highs on last week’s decline and the momentum indicator has fallen below the zero level, hinting of further weakness ahead on this timeframe.

(more…)