Loading ...Shorting Junk Bonds Here
Took profits on my day trades on SSO and DUST and rolled the proceeds into a Junk Bond Short here with SJG and some June Puts on HYG.
SJB looks to me like it has hit support right near the 5 month mark where I have seen other Intermediate Cycle Lows.
Outstanding Chart Surf City
Thanks for sharing here
Junk Bonds are co related with WTIC
So you are shorting Oil basically
Question : SJB is 2X or 3X leverage ?
SJB is just 1x so not real exciting but I view it as an almost automatic winner in the current environment and a safe place to park some capital. It could go lower here but I am betting that it will be nice and green by June/July.
OK…I am in