JNK... yeh I'd say 'risk on'

My put exposure was terminated per this post.  And then we noted the next level to watch, which is being broken to the upside today.


"Move along, nothing further to see from the dark side.  Casino's open for business and they're really on a roll over at the junk bond table.  Above the noted resistance it's gonna get really obnoxious to the bull side on broad markets." [if you are net short]

Well, if today's break upward out of a little bull flag holds and makes new highs, junk bonds and the broad market are going higher near term.  This is ground zero for risk taking.


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