Junk bonds has been a very nice trade since March 2009, but everything has its time in the flashlight and the time seems to be up for Junk bonds. As is the case for stocks, this is not the time to be loaded up with in Junk bonds.
As can be seen we have a big diamond top-formation, which has been triggered and calls for a decline to 32.60, but the decline should be much deeper than that.
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