Wednesday, January 23, 2013

Leading Indicators Worse

High Yield Corporate is making a new lower low, Junk still looks bad and HY looks bad, HY Corp though really looks the worst. Commodities are falling apart as well.

Here's a  quick look at a few and a look using CONTEXT...

 Commodity downside is picking up more momentum

 As is HY Corp. Credit

And CONTEXT is at new differential lows of -14.

I'm really looking for a decent swing in AAPL to let go of the $505 Feb Calls and I'll likely keep the $520's open.

I'm also looking closely at AMD.

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