Al_Dente wrote:I didn’t have time to check and see if these dates on massive corporate-debt issuance correspond to SPY tops or bottoms
corp bonds.png
Al- I dont' think you can draw any conclusions from single day issuance. A lot drives the calendar, such as where the mkt has been recently, all in rates, earnings timeframes, and big deals (like UTX $9.8bn new issue on 5/24/12)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Last edited by KeiZai on Thu Sep 13, 2012 10:39 am, edited 3 times in total.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Al_Dente wrote:I didn’t have time to check and see if these dates on massive corporate-debt issuance correspond to SPY tops or bottoms
corp bonds.png
Green lines corresponds to your dates.
A good long term buy point. More appetite for corporate bonds more trust in corporations.
Harapa, I don't want to argue but I see little correlation to market movement. To be fair, one could pick out any number of random dates on that chart and they would all be good long term buy points. Am I missing something?
Al_Dente wrote:I didn’t have time to check and see if these dates on massive corporate-debt issuance correspond to SPY tops or bottoms
corp bonds.png
Green lines corresponds to your dates.
A good long term buy point. More appetite for corporate bonds more trust in corporations.
thanks for the input Al, Harapa and RC....any charts with JNK or HYG comparison (today seems to be first downtick in jnk OOPS was, now higher ..)
thanks and GL!
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Al_Dente wrote:
vixens agree using 89
(did u mean the other internals or this one?)
The attachment 913vixers.png is no longer available
Add VXO to the mix , it helps to filter out whipsaws as was seen yesterday morning. Also Looks like my software gives a slightly different output, hum!!
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