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Potential Short HYG - any thoughts?

After reading StockCharts.com message today. HYG Ishares junk bond fund is a potential short. HYG is trading below its 30 week moving average and just broke below support (Oct 2014 low). Not to mention if you are listening to the news bonds are in trouble.

Only that you should turn off the financial news channels, and rely on what you see in the charts and your portfolio to make your decisions.

Looking at a number of bond funds they seem to be below their 30 week MAs but have not broken long term upward trend lines. Too soon to buy under stage analysis, but on the other hand perhaps a large pullback. I recently opened up one ETF position, it was just nudging above an MA that had flattened out. Time will tell.