While the world has gotten negative on the economy, corporations are still finding buyers of their debt.

This can be seen through the Corporate Bond ETF (LQD).  Last week it broke a 14 month downtrend.  It doesn’t get much cleaner than that.

lqd

Keep in mind, it doesn’t matter who the buyers are or why this is happening (ahem European Central Bank).  What does matter, is it’s happening.  This downtrend is over, and the chart is ready to start a new trend.

Trade ’em well!