High Yield mutual funds are clearing resistance hurdles of late in the 6 pack below.
In my humble opinion, it is a sign of relative strength when high yields along with the 500 index and the yield of the 10-year note are clearing resistance hurdles (see THIS POST), at the same time!
The blog suggested to go long on 8/29 in THIS POST. Comments were made at the time that the “upside will catch many by surprise!” With high yields breaking resistance, I suspect this comment will gain further reinforcement.
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