PAIRS TRADE: LONG HYG, SHORT SPY
High Yield Corp Bonds are trying to turn
up from oversold. The recent selloff in HYG
was giving us the heads up that stocks were
vulnerable. The way to trade this setup is to
buy HYG and short SPY. $2 in HYG vs $1 in SPY.
Tim 4:32PM EST HYG 92.69 last, SPY 200.48 last.
up from oversold. The recent selloff in HYG
was giving us the heads up that stocks were
vulnerable. The way to trade this setup is to
buy HYG and short SPY. $2 in HYG vs $1 in SPY.
Tim 4:32PM EST HYG 92.69 last, SPY 200.48 last.
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