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The Medium-Term Trend - Wednesday, Aug 9

Junk bonds were hit hard again today and it continues to confirm the short-term downtrend. This is a good ETF to watch when it looks like the downtrend is starting to bottom out.

The Containers and Packaging group is also confirming the short-term downtrend, and, just like junk bonds, it helps to watch this when you are looking for hints that the downtrend is bottoming and getting ready to head higher again.

The bullish percents were all headed lower today.
The medium-term trend might be starting to top out, but so far there is...