Numerous times I have updated that the price action of the “High Yield MUTUAL FUNDS” were reflecting strength and breaking highs set earlier this year. (see post here). Now the High Yield ETF’s are breaking out to the upside!
This positive action started clear back in JULY! (see post here) If you don’t own a piece of the high yield mutual funds positive action, you should. Nice price action and a darn dividend yield of more than 6%…. Funds are preferred over the ETF’s… See more high yield posts (HERE) Great tools with stops!!!
Ron, see above #3 comment by Chris Kimble
Why are funds preferred over ETFs?
Thanks, Chris. All the high yield charts are off on Stockcharts. I’ll see if I can get an explanation from them.
Bill,
I went to yahoo and google, April high was $40.20 on both charts, matches the date/price that metastock is showing.
Sorry, don’t know why stock charts is different than the other three…might be something to do with dividends, yet that doesn’t make sense.
My chart for HYG and JNK (http://stockcharts.com/h-sc/ui?s=JNK&p=D&yr=1&mn=2&dy=0&id=p44132706050) does not match yours. The general shape is the same, but the levels are much different. E.g., JNK’s high in April is 38.5, not 40.2. Why is that?
A few emails have come in and ask why the 6 pack on high yields have always been the funds and people ask why I liked the funds better.
I like them better because they don’t get pushed around by volume! A much smoother ride in the funds.
For anyone interested in ch’s question on symbols see the comment above this one…I put the link so you can see the symbols.
Hi Chris
Could you pls id the ticker symbols for the mutual funds for those who are interested? Thanks.
https://www.kimblechartingsolutions.com/wp-content/uploads/2010/10/highyield6packoct13.gif
Ticker symbols are the top of each chart…I like the one in the upper right…Pimco…they have a no-load option available in a ton of brokerage accounts. All perform close to the same