Kimble Charting Solutions Blog

High Yields back above key moving averages

Posted by Chris Kimble on 12/24/2010 at 9:43 am; This entry is filed under High Yields.

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Four of these 6 high yield mutual funds are now back above their respective 50-EMA lines again. In the past, this price action has been a positive for stocks.

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5 Comments

1. Van December 24th, 2010 at 12:06 pm

   any correlation between the divergence between 5 of the 6 hyf not hitting new highs versus the overall mkt?

2. JohnL December 24th, 2010 at 1:37 pm

   Thanks for the great blog Chris and have a great Holiday.

3. Gary December 26th, 2010 at 8:49 am

   Chris
   Does this not fly in the face of the purchase of TLT call on dec 18?

4. Chris Kimble December 27th, 2010 at 12:08 pm

   Gary…Sometimes high yields and junk move together and sometimes the opposite. See this post…
   http://blog.kimblechartingsolutions.com/2010/10/confusing-positions/

5. Chris Kimble December 27th, 2010 at 12:21 pm

   Van…what jumps out to me is the outperformance of the high yield fund. I suspect this fund has some “style drift” taking place in it, per maybe owning some stocks. This good for those shareholders right now!

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