Friday, October 31, 2014

Corporate High Yield Bond Funds (HYG, NHINX) Fail to Break Weekly Resistance

The two charts below (weekly closing prices) show that the corporate high yield bond ETF HYG and a key mutual fund (in our opinion) NHINX both failed to break above their weekly resistance lines (red) at the close of this week's trading (10/31/2014).

Lower prices ahead?  We shall see.

Click Chart to Enlarge

Click Chart to Enlarge

Not Investment Advice | Important Disclaimer: 
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher has no position in corporate high yield bond mutual funds at the time this article was written.

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