‘High Yields’ Archive

Bill Gross & Pimco fund sending kiss good-bye message?

  CLICK ON CHART TO ENLARGE In the late 1990′s and 2007 the Pimco High Yield fund (PHDAX) formed bearish rising wedges. Once support broke the fund rallied to kiss the underside of the wedge and its 200MA at each (1), then it proceeded to fall a large percentage in price. Both times this took […]

Junk bond fund repeating 1999 & 2007′s pattern?

  CLICK ON CHART TO ENLARGE The Pimco High Yield fund (PHDAX) for a period of time around from 1997 to 1999 & 2005 to 2007 found it difficult to move higher, creating a series of level highs. At the same time it created a series of higher lows. Once old support was tested as […]

Are Junk Bonds suggesting the “Sky is going to fall” in stocks?

  CLICK ON CHART TO ENLARGE   Is the Sky going to fall because junk bonds fall 1.4%? Junk Bond ETF (JNK) has been in the news of late, due to recent softness. Should we be concerned? Some seem to think so! The lower inset chart does reflect that JNK has lagged SPY by almost […]