Corporate bonds tankingI've never looked at corporate bond charts before, but this came to my attention. Perhaps, someone more versed in the matter can comment? What I see is that while the market was rallying today, corporate bonds (almost all of them) were quietly continuing a sell-off. What might it all mean?
VCIT trade ideas
VCIT - Longterm Upward channel breakdown Short from $84.83VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward channel breakdown
Entry Target Criteria- Break of $84.83
Exit Target Criteria- $79.73
Stop Loss Criteria- $86.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)