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iShares iBoxx $ High Yield Corporate Bond ETF
Short

HYG might be time to short

93
HYG is hitting downward trend line resistance in a wedge pattern. It might be a good time to short. If the economy starts to break out inflation expectations should rise and all rates including high yield should rise. If the economy begins to tank, High yield bonds will be suspect and yields for junk bonds should rise as the likelihood of bankruptcy increases. If yields rise price goes down. Essentially shorting HYG is a long straddle
rubindr
Also on:
Chart PatternsdjiaHYGTechnical IndicatorsIWMrecessionshortSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsdjiaHYGTechnical IndicatorsIWMrecessionshortSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis
rubindr
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.