Monday, August 24, 2009

LQD - same non-confirmation

Unbiased Trading explores recent price action in LQD (Investment Grade Corporate Bond Fund ETF). Note that it is showing the same non-confirmation as JNK - ie. it topped in late July.

(We can add this our growing list...Nasdaq, Shanghai. Roll in the sentiment indicators... All we need is some price action to confirm a trend reversal.)

No comments:

Post a Comment