Shared on 10/25 that High yield mutual funds, for the first time in months were breaking above their 50EMA lines… a positive for them! (see post)  Below is an update, reflecting higher prices are taking place and a test of another moving average is close at hand.


As I shared last week, I am a fan of staging into this complex and the break above the 50EMA was a positive for them.  A break above the 150EMA would be a positive for this complex and suggest that further exposure to them should be increased.

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