JNK is down 2% today ($.80) trading right at its 100 DMA. Let’s see if it holds. Note that an $.80 move is 2x its ATR. We’re also seeing the decline on high volume like we are seeing in many of the major indexes.
Bull flag on the $VIX. We breached the 200 DMA briefly at the peak of the flag and it looks like voltatility is making another run.
GLD with a solid breach of the 100 DMA. GLD appears to be on its way to horizontal support and its 200 DMA at $100.
I’ve been noticing over the past few weeks that yields have come down ever lower on CDs. I didn’t even think it could go much lower. We’re at the point now that Schwab doesn’t even broker CDs for 30 or 90 days. A 1-year CD only offers a yield of .4%. Just a short time ago, you could get a 1% yield on a 1 year CD. Anybody have a good hypothesis for why banks have stopped issuing CDs?
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rosocecasita
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chartsandcoffee
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rosocecasita
