High-Yield ETFs Rally but Bearish ‘Crossover’ Looms
August 31, 2011 at 15:55 PM EDT
Exchange traded funds indexed to high-yield corporate bonds rallied Wednesday, which is usually a bullish sign for the equities market. However, one technical analyst notes that high-yield funds are signaling weakness as the 50-day moving average crosses below the 200-day. The iShares High Yield...
