Am going to “harvest” half of the high yield mutual fund” holdings, see chart below. 



High yield funds have broken a steep support line of late, am going to harvest half of the high yield positions that were picked up on the upside break above their moving averages.  Should a further decline take place and they break the 50-EMA, will look to harvest the rest of the holdings.

In the past, a decline in the high yield mutual fund complex has not been good for equities.  This decline so far is not large (couple of percent off the highs), yet I wanted to harvest part of the funds due to the support line break.

Side note per the stock market and economy-Keep an eye on Crude Oil…This decline in Crude is really pushing DTO higher.


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past