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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (34466)	9/9/2023 10:59:05 AM
From: J.B.C.	Respond to of 34806

I learned about CBUS10YRSPREAD several months ago. (It is one that got past my radar for years), I am learning to appreciate it as one of a possible “Gold Standard” indicator. The indicator measures the spread between high yield corporate bonds and the US treasury yields. From NDW (Nasdaq Dorsey Wright): An increase in the spread would indicate that investors perceive the credit risk in the corporate bond market to be increasing, while a declining spread would indicate the opposite. That said, the spread broke downward as indicated on my previous post. *** “Reading” P&F is a matter of the weight of evidence, right now the weight of evidence is still bullish.