US Markets - Risk in High Yield Corp. Bond ETF (HYG) - November 10, 2017

Cerundolo Investment Research    

US Markets Update  

Volume 1, Issue 1
November 10, 2017

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  • The HYG has impulsively broken well below its 200-day average and now the lower end of the intermediate-term channel.
  • Momentum has been diverging for months along with price finding resistance beneath the top of 2013 – 2014
  • A close today below 87.50 will generate downside Money Flow Unit targets of 85.50 and potentially 83.80

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