Comments on: Breakdown in Junk Bonds A Red Flag for the Stock Market https://rightsideofthechart.com/breakdown-in-junk-bonds-a-red-flag-for-the-stock-market/ Stock Trading, Investing & Market Analysis Wed, 21 Jun 2017 18:42:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Shambo https://rightsideofthechart.com/breakdown-in-junk-bonds-a-red-flag-for-the-stock-market/#comment-3572 Wed, 21 Jun 2017 18:42:55 +0000 http://rightsideofthechart.com/?p=182661#comment-3572 In reply to rsotc.

I agree Randy, I think this is a significant technical event. Could reverse of course, but its a very valid caution flag for the market.

]]> By: rsotc https://rightsideofthechart.com/breakdown-in-junk-bonds-a-red-flag-for-the-stock-market/#comment-3571 Wed, 21 Jun 2017 18:38:06 +0000 http://rightsideofthechart.com/?p=182661#comment-3571 …and before anyone points out the fact that a good percentage of junk bonds are in the energy sector, hence the recent carnage in crude oil & the energy stocks unarguably has contributed to this breakdown, the technicals are what they are & this is a breakdown of a very clean, well-defined bearish rising wedge pattern. Although a false breakdown is always possible on any pattern at any time, today’s breakdown is clearly a bearish technical event which is likely to have longer-term bearish implications for junk bonds (and quite likely, the stock market as well).

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