Junk
BORING - WTF MateTethers blowing chunks everywhere, could it be?
Nah, it'll be fine, BTD.
Tether charts are VERY CLEAR indications...
A sh_tstorm is approaching.
Pretend, defend, and extend your thesis for this
Junk all ya want.
You will be made a fool.
This chart, like the majority of em... looks
as if Eron rammed a Tunnel bore straight into
your giggy, and raided your piggy.
Ouch.
ps. TeslaBot doesn't have a giggy.
FACEBOOK (META) Price meet fundamentalThis platform is one of the most horrendous ,disgusting ,censored, corrupt ,dirty propaganda machine human did invented.We see a mass exodus from this platform and probably no sane human will use it in the near future.
Price finally meet fundamentals and this should collapse to zero. But first ..probably a dead cat bounce,the classical liquidity grab,then exit scam..
Target 1:zero!
Out of the 4 FANG stocks ,this i`m bearish at most and i dont think will ever recover!
Glad i did leave this platform years ago ,as I see ,things are even worse now !Absolute horrendous dogsh pile of turd !
Facebook as a shitcoin.
Short!
REKT.
hyg and jnk bonds are in dangerous spot with inflation + sellingInflation cpi near 7%, future potential rate hikes, FED reducing future purchases. Why would ne money be excited to jump in and buy up riskier paper at rates near 4-5% and stocks in a bear market? At what interest rate and risk premium are junk bonds attractive?
Rotation Back into Junk Bonds & Large Caps Q4The JNK/TLT ratio chart visualizes investors' position in greed and safe bonds. An increase means more greed in the market, corresponding with an increase in equities. Based on where we are, I am expecting one last run in the stock market, reaching the top of our resistance trend-line. I have added a fractal to support this thesis.
TSLA - 679 failure aheadTry as they might, the FANbois couldn't quite keep it together.
We'll HODL those remaining Sells - 800 and keep the NOV 720 Puts.
This is just beginning to become interesting.
591s are in Play and if this level fails we welcome the 400s.
Ouch.
Fanbois being Fanbois, they'll buy the dip only to see the Reverse RIP.
BTD ain't gonna work here.
The dude who was up $35K is now down $100K, all cocksure...
It's the height of Hubris, we SELL.
TSLA - 658 / 629 / 591 Elong FailsGamma Squeeze after Gamma Squeeze has failed.
Shares are, on balance, ONLY Being bought for protection
to Cover Calls AND almost immediately SOLD without remorse
thereafter.
It is an amazing distribution the Fanbois seem to be ignoring.
Inglorious bastards they remain.
Tesla has been sanctioned once again... surprise.
Hiccups to deliveries appear to have their roots in Semi availability.
Perhaps the MUSKateer will announce he will building a FAB on Mars?
Who knows with the shlubb. It's become tepid and "Boring."
There is nothing to really drive TESLA much higher other than further
degenerate gamblers, who are quietly losing face.
720 close up and over has failed to materialize time and again.
We were looking forward to this group of Hopers to shoove this
hot mess higher, but 780 isn't going to arrive it would appear.
600s are ripe for trading this week, it could be quite the dramatic
plunge taking away the wishes of DG's.
Gnosis FibbingInteresting... but irrelevant because no one trades it, so no liquidity on either side. Anyone with $60k could market-buy this to $140 with 3 clicks.
:shrug:
$SNAP Back to being the laughing stock of the SM, PT $4.00Chart shows massive downtrend approaching once support breaks, good time to take out a nice short IMO.
TSLA - The bubble already poppedTESLA lower lows and lower highs. Those still in this tech bubble will be soon complaining the market is rigged..... The company doesn't make a profit, heck it barely even makes cars..... at least numbers wise. Macro says momentum is over. When this company comes down to the automotive P/E multiple of low teens / high singles. This company is a 10-20$ stock. Don't let this be your blackberry. GET OUT NOW! If you have to be part of the company for ideologue reasons. Then buy its junk bonds for penny's on the dollar.
Chart makes a better water slide than anything
JNK / W1 : Overbought & Divergent... Risk down the corner ?NOTE : The low risk trading area reamains higher in the context channel (the gray ribbon) but we're signaling overbought on the trendchannel... This may be a concern if the market reverses here... Cause reversing on trendchannel means there will pbly be a trend trade to come right after... Not the best case scenario for stock though if junks were about to break down the major support trendline.
SIDE NOTE : Some analysts say that there is a dangerous bubble in corporate credit... So this may add to the technical view seen here. If anything goes wrong in the sector, junks may be the first to show signs of tension...
CONCLUSION : It's not something to trade just like that, more likely something to bare in mind for the coming months... as a potential systematic risk trigger that could cause hell of a panic wave...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Head n Shoulder - High Yield Junk Bonds!! SHORTLong Term setup here - you know what to do.
Targets Marked on chart.
Junk Debt Again at Very Attractive Levels to ShortPerhaps this is another dead-cat bounce?
These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
Find out more. Send Private Mail (PM) to @MasterCharts
Are stocks crashing? Watch the junk credit spread.With the increased volatility this year after such a long period without any significant declines has got some wondering if the market has peaked, or even about to crash. To get a better idea of what’s going on ‘under the hood’, we can study the high yield ‘junk credit’ market. High yield is also known as ‘junk credit’ for its higher risk of default and being rated below investment grade. This heightened risk means greater sensitivity to market conditions, and can serve as a 'canary in the coal mine'.
The Merrill Lynch High Yield index has a yield of 6.36% at the moment. This is close to the 6% combined ‘yield’ of the S&P500 trailing earnings and dividend. When junk bond market is under stress and fear of default is rising, the yields ‘blow out’ or spike quickly. (We’re seeing this happen right now with concerns over TSLA credit).
The chart shows how yields 'blew out' during times of stress. The orange line is the additional yield offered by the high yield index after subtracting the ‘risk free’ treasury rate. This ‘spread’ gives us a better idea of the risk premium demanded by junk credit investors. Currently the spread remains lower in around the range under 3.6%.
The S&P500 index in blue is compared to the Merrill Lynch B grade corporate yield spread. At each of the previous peaks before the stock market crashed, there was a sudden spike in the credit spread. We even saw this spike in 2011 and 2015 when default fears increased. At the moment we’ve yet to see a similar jump in the high yield spread. Which would suggest that currently investors are not sensing any increasing risk of default (at least for now). A spread approaching the long term median or average range of 5% would give cause for alarm.
The Merrill Lynch high yield spread chart is updated daily here:
fred.stlouisfed.org
The WSJ updates bond benchmarks daily here:
www.wsj.com
Junk Bonds: Is this a Bearish Break? Weekly Close Now ImportantNote that this instrument is now trading below the Red Support line. In the past, such breaks, on several occasions were accompanied by a sell-off in risk assets, such as stocks.
Important support levels for #junk #bonds ..Teal and Yellow lines now may act as future support. $JNK $HYG #Trading #investing
JNK - Dip below 200MA has recovred past 5/5 timesThe past 5 times JNK has dipped below its 200MA it has recovered. Also has support from trendline.
BBB minus CCC junk bond yield analysis and implication for SPXJunk bond yield spreads and implications for spx drops...
Oil Price stress on Banks with energy exposureOil price recovery has been mostly driven by USD related factors and so the fundamentals are still not where they need to be and the chronic oversupply continues. The banks with the largest energy debt exposure have felt the squeeze as a result and remain relatively risky.
This chart shows the performance of the banks with the largest declared Energy debt exposure in the US vs the XLF ETF and wider S&P 500 Index, the backdrop is the Oil price.
BREAK YA NECKwww.bloomberg.com
www.cnbc.com
www.zerohedge.com
Credit ratings of the US firms are deteriorating fast-pace. This year we will see new record in corporate defaults. We have seen this year already 32 global corporate defaults (2009 there was 42, this year we will have more than that!).
This could be a turning point of this nonsense rally.
Short if the neckline breaks. Potential H&S formation.
High Yield in Trouble... AgainI want to start this year with a market I have been watching closely recently, and for good reason. The HYG, which is the most liquid high yield corporate bond exchange traded fund, has taken a beating over the past few months and looks ready to make another move lower. Not only is this trade attractive from a technical perspective, but the fundamentals are on our side as well given rates are poised to move higher this year.
We can see on the hourly chart below that a breakout over 81 failed to materialize and we are now coming off of near term resistance on a pivot bar. Additionally the momentum indicators are showing more room for downward movement, while volume profile needs to be filled in to the downside.
Based on the technicals, I would like to get short at current levels with a stop up at the bottom of the supply area at 80.68 and a target of 79.00 (3:1 r/r). I will give this trade no more than a week.
@AKWAnalytics
