Just two words - "Volumeless" and "Overbought" - but when has that mattered...
Spot The Rally (using the lower pane only)
McClellan Oscillator at a notable extreme...
and the Relative Strength Indicator is once again signaling a trend change...
If you are a dip-buyer, HY has all the upside from here... or maybe, just maybe, the professionals were right to worry and hedge...
Charts: Bloomberg




