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High Yield Mutual funds, often are quality predictors of future stock market major trend shifts. The funds are now breaking below their 50-EMA lines for the first time since the December stock market lows.
The Power of the Pattern reflected earlier this week that a bearish Head & Shoulders top could be taking place in High Yield/Junk Bond ETF JNK below (see post here)
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Lipper reports this morning that outflows have taken place in the high yield complex for the first time in a good while. (See post here)
