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.
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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.
