HYG - High Yield US corporate bonds ETF s/r zones
Hello traders,
Description of the analysis:
The ETF market for high-yielding corporate US bonds is currently in an important support area that was until recently a resistance. Resistance turned into support with a highly volatile upward movement supported by high volumes. This is a clear signal of a growing willingness to invest in riskier assets. This zone has a strong historical connection. If the market stays at or above this support, it means a positive outlook to allay market fears. The VIX index, as the main indicator of panic in the markets, is also slowly beginning to gradually return to its normal values. Market ties that were valid yesterday may not be valid tomorrow, so invest and trade wisely and carefully.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Description of the analysis:
The ETF market for high-yielding corporate US bonds is currently in an important support area that was until recently a resistance. Resistance turned into support with a highly volatile upward movement supported by high volumes. This is a clear signal of a growing willingness to invest in riskier assets. This zone has a strong historical connection. If the market stays at or above this support, it means a positive outlook to allay market fears. The VIX index, as the main indicator of panic in the markets, is also slowly beginning to gradually return to its normal values. Market ties that were valid yesterday may not be valid tomorrow, so invest and trade wisely and carefully.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob