Watch SJB If Carl Icahn Is Right About High Yield Bonds

Carl Icahn thinks the high yield bond market is extremely risky right now.

Before the videos, check out this chart of the ProShares Short High Yield Bond ETF (SJB). Is it in the process of building a base? SJB's 200-day moving average looks like it is flattening out and its 50-day moving average could attempt to cross its 200-day again any minute now. It tried to at the beginning of the year, but failed. The MACD needs to cross above the zero line to provide more confirmation. Carl Icahn talked about the high yield market on CNBC yesterday.


Icahn was also on Fox Business a few days ago warning about the market (Carl Icahn: A bubble is brewing).