Heads up guys, PTJ on Bloomberg Go on Monday and doing a Q&A with questions from the public. Program runs from 07:00-10:00 ET, no idea when his slot is. If you are on Twitter, you can submit questions now. The Twitter link is below, you can see some questions already asked, plus the usual political BS.
Its an ETF that tracks high yield growth, just one of those things, its been getting beaten up so badly it was an obvious blow off setup, unfortunately due to losing my money with those fucks at title i could only buy 1000 shares cause of the buying power. When you see it form that bow at the bottom and start grinding up its an obvious long when it flips from red to green. I:d be willing to bet it will be over 84 within a few days, but couldnt hold cause its so expensive.
Prefect failed monthly A down and perfect failed intra-day A down! I had no idea that thing got so beaten up. JNK is a similar one.
There was some crazy moves in the preferred shares of alot of junior oil and mining companies, last week MHRC? I think the preferred shares made like a 100% move, but they were being priced at a 100% dividend, and had yet to miss a dividend although its inevitable. Lots of good beaten up high yield stuff out there though if you got the time to do the research, I dont, so i just bought the ETF. Im finding more and more lately that its easier just to buy ETF's when you see sector moves like that cause they have more respect for technicals where as an individual stock can go anywhere.
So the weekly , monthly and quarterly levels reset this weekend which cant really be drawn yet on this chart without extension of the new levels. Hmm... The 60 trading day(quarterly), and 20 day(monthly) chart are layered for 2015 on this 2 year daily chart. Seems last quarters confirmed Aup level and last months Adown level coincide and are in play to fail or fade but the Friday reversal (failed weekly Adown) was pretty strong. Is there much discussion of using multiple ACD levels within the thread? Thanks.
can you tell we've been in chop mode in energies? haha...look at the big net changes this morning and still not a single confirmed A up in flat price among the 3, nat gas excluded