This Week in Money Ross Clark - “Fear Factor” in Equity Markets
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The upside Exhaustion alerts in the Treasuries that were pointed out yesterday (Oct 16th, 2014) were coupled with downside excesses in the high yield bonds. Look for the volatility to remain high in the coming weeks with resistance in JNK at the 50-day exponential moving average (~$40.38) and 20-week ema (~$40.67). Support should start on a 50% to 62% retracement of the rally from yesterday’s low.