Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
SPDR ICE BOFAML CROSSOVER CORP BOND IOPV (PACF:CJNK.IV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CJNK.IV
The long term trend has been DOWN since Oct 5th, 2018 at 25.2844
The intermediate term trend has been DOWN since Sep 5th, 2018 at 25.5376
The short term trend has been UP since Nov 29th, 2018 at 24.9186
Smart Scan Analysis for CJNK.IV
Based on a pre-defined weighted trend formula for chart analysis, CJNK.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26.59||52wk High Date||2017-12-01|
|52wk Low||24.843||52wk Low Date||2018-11-21|