Find out how to use high yield bond $iShares iBoxx $ High Yield Corporate Bond ETF(HYG)$ to predict the stock market and why it is effective tool to assess the market liquidity (which is deeply affected by Fed's tapering and tightening action) below:
Click and watch the video below on YouTube(Pro Tip: adjust the speed to 1.5–2X):
Last Friday the bearish bar broke below the intermediate support level at 4450 suggested a test of the low formed by the selling climax as a secondary test (ST).So far, S&P 500 $S&P 500(.SPX)$ is still in a trading range between 4250–4600.
Meanwhile, oil related stocks still outperform where there are many valid low risk trade entry setups with decent reward to risk ratio thanks to the strong crude oil price $Light Crude Oil - main 2203(CLmain)$ . Upside follow through is likely to continue for the oil stocks.
Safe trading:) If you are day trading the US futures or swing trading for Malaysia and US stocks, do check out my YouTube Channel: Ming Jong Tey for additional videos and resources. @TigerStars $Alibaba(BABA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$
Comments
Think this is something good for newbies like me to learn.. didnt know. But now I know.. will be more cautious of trading.. else portfolio sea of red and loaing capital... haiz.... haha....