Junk Bonds - Deteriorating Technicals

Looks like weakness is beginning to show up in junk bonds, which in turn, does not bode well for stocks or other risky assets. 

It looks like the recent selloff is not just due to market overreaction, but more due to a shift in market sentiment to the downside. 

If this persists, look for more downside in Junk and other risky assets.