Bought PFF on the pattern breakout below (see post here).
Even though the 500 index has been choppy for the past 90 days, the PFF has been pretty stable in price while yielding almost 7% on an annual basis.
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Until the broad market can breakout/breakdown from some key support/resistance lines, I prefer the action of the “preferred stock EFT/PFF. Is this ETF boring to some/many? I suspect so! Yet at this time I like the price action of the last 90 days, per it is keeping pace with the broad market, with much less movement and paying out a nice income stream.
Game plan…Own PFF with a 2.5% stop in place.
