The One Key Indicator That Will Determine Market Direction | Seeking Alpha
Bret Jensen has written an excellent article that suggests the stock market may have turned around. He used the high-yield corporate bond fund (HYG) as an indicator of market direction. I agree with Bret on this. The NYSE McClellan Oscillator ($NYMO) has also come off the bottom. He also listed two stocks that would be worth buying if the HYG bounce holds up.
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