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High yield funds (aka- "stocks in drag") have moved sideways to down over since the stock market highs of mid September. 3 of the 5 high yield funds this past week broke below their 50SMA lines in the 5 pack above.
Each of these funds HAVE NOT broken below their rising support lines (1) drawn off the lows hit 14 months ago. High Yield funds are quality leading indicators for the stock market. The funds would be sending a strong message of concern should line (1) be taken out, which has not taken place at this time!