Monday, August 5, 2013

HYG Update / Market

HYG I mentioned earlier was put to work just before 10 a.m. and then we could see in to the afternoon also, but to give you some idea of scale of "gas in the tank"...

 HYG 1 min intraday as shown earlier with divergences at 10 a.m. and 1 p.m.

On the HYG 2 min chart though, there's nothing, it's not going anywhere here.

The IWM 1 min intraday zoom close to in line, but...

2 min is damaged and it goes out from there, HYG isn't positive on a 2 min, I can't see HYG providing  much relief  or support for the market in this area.

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