SPDR Barclays Capital High Yield Bond (JNK)
The appetite for junk bonds continues unabated. As long it's going up so will equities. While the daily and weekly charts are showing overbought, the monthly leads me to believe it's got a little "squirt" left in it. If it takes out 40 (trying to as I type this) it will try and make a move to the next two resistance points shown above. It's getting close to being "done".
SPDR Barclays Capital High Yield Bond (JNK)
