The High Yield Index, previously a concern of many market watchers, “has made decent progress,” a Goldman Sachs research piece noted along with numerous other “Charts that Matter Next Week.” As banks bounce in this index comes as constructive price action takes place with a bank index. The Sunday, March 13 report from Goldman’s technical analyst Sheba Jafar seeks to determine if markets are “trending or turning” as they spot themes across a wide range of assets. Eurostocks find initial support while DAX lags As stocks in the U.S. have cleared interim support near 2,000 on the S&P 500, European…
Banks Bounce With High Yield Index
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.