by Chris Kimble | Dec 21, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE No doubt junk bonds have stunk it up the past “two years” diverging against the S&P 500. Historically, when Junk is weak, the broad market tends to struggle to move much to the upside. Junk bond ETF (HYG) hit its 5o% Fib...
by Chris Kimble | Jun 30, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE This charts takes a 25-year look at the Pimco High Yield mutual fund. In 1999 & 2007 the fund was diverging against the S&P 500 and once it broke support the fund and broad markets turned weak together. At this time PHDAX is now...
by Chris Kimble | Dec 23, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Outflows from mutual funds have been rather large of late, actually the biggest in the past three years at (2), reported by Sentiment Trader. At the same time this took place, Junk bonds have been hit hard, driving them down to three year...
by Chris Kimble | Dec 18, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P...
by Chris Kimble | Dec 16, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE When it comes to interest rate rallies, Russia tops this list this morning as they raised rates 70% in a day, attempting to stem the rapid decline in the Ruble. Speaking of interest rate rallies….Did you know the yields on...
by Chris Kimble | Dec 3, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Many feel investors should “listen” to the message coming from Junk Bonds, due to them sometimes being a leading indicator for the stock market. The 2-pack above takes a look at the two largest Junk Bond ETF’s. JNK...
by Chris Kimble | Oct 21, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Junk Bonds are often looked at as leading indicators for key moves in the stock market. Popular junk bond ETF’s JNK & HYG have declined over the past few months, taking them down to support levels and pulling momentum down...
by Chris Kimble | Sep 26, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE In the late 1990’s and 2007 the Pimco High Yield fund (PHDAX) formed bearish rising wedges. Once support broke the fund rallied to kiss the underside of the wedge and its 200MA at each (1), then it proceeded to fall a large...