Suggested to buy Preferred Dividend ETF PFF on a breakout from the flag pattern at (1). (see post here)
CLICK ON CHART TO ENLARGE
PFF continues to move higher in a boring steady fashion, picking up almost 3% appreciation while paying a nice dividend stream in less than a month. PFF is now testing it highs reached last year. Yesterday the NYSE held on rising support. (see post here) That support should help PFF move above highs of last year.
Game plan…Continue to own PFF with a 2% stop!