Saturday, December 13, 2014

Corporate High Yield Bond ETF (HYG) Ends Week Near Long-Term Support

Corporate High Yield Bond ETF HYG ended this past week at or near weekly support (solid green line) as shown on the chart below.

After a rough and tumble couple of weeks, is HYG due for a significant rally going into the holidays?  We shall see.  

HYG has been above this line since mid-2009.  In 2011, a couple of sharp rallies have occurred off this support line.  If HYG breaks below this line, much lower prices are possible.

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 funds at the time this article was written.

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