If you are trying to sleuth out market direction, you need to look into the guts of the market. Don't allow your thinking to be polluted by CNBC, Fox News, Cramer, or even the "Research Reports" of your Broker, or worse...the free ones you can get on the net.
You can get 90% of what you need from price and volume data. Turn off the TV. Maybe get a live feed for "pit noise" if you are really running some money.
And keep the guts of the market in view. Junk Bonds let you peer into what the market is really thinking, not what the market is telling you that it is thinking.
Check out the nice Fib kickdown on JNK.
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Insightful and Useful Comment!