6/29 Recap, HYG Breaks Below Last Week's Lows, Not Ideal.....

Let’s talk about HYG, the junk bond ETF. We broke below last weeks lows, this is not a good setup for stocks. The HYG, like the VIX signals alot, but most don’t pay attention to it. While I won’t say it’s “bad” yet, till we break to new 52 week lows, which may not happen, but we’re close. So keep your eye on HYG but VIX is still over 28 so overall its still time to buy for me. Again for me anytime the vix is elevated over 27, you’re better off buying equities and selling premium bc its elevated. We have some data tomorrow that will guide us more on the short term.