ALERT! - HYG Update - February 9, 2018

publication date: Feb 9, 2018

Cerundolo Investment Research    

CIR ALERT!  

Volume 2, Issue 7
February 9, 2018

Download PDF Version here


Items of Interest:

  • Last November we sent out a caution note on the HYG as it broke hard below its 200 day average. We also highlighted an initial target of $85.50 followed by $83.80. Today's low thus far is $84.07 which needs to hold. A weekly close below this level will open the downside potential to $82. Downside momentum has been building and our suspicion is that it will break lower.

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