All eyes this morning were on the jobs report. Getting the unemployment levels lower is VERY IMPORTANT, yet from an investment perspective, are investors looking in the wrong direction? What about “PRICE ACTION” in these sectors below!!!
Numerous times (see post here) I have shared that the price action of high yield funds can be a great leading indicator for stocks. Check out below the price action of 6 different funds.
Railroads, Trucking and High Yields are all reflecting higher prices and breakouts of ascending triangle patterns. The employment data wasn’t what we wanted to see, yet when “looking at price action,” this is a positive!