CLICK ON CHART TO ENLARGE Over the past 30 days, high yield funds and high yield ETF (JNK) have reflected relative strength, when compared to the S&P 500. CLICK ON CHART TO ENLARGE The above 4-pack reflects that high yield mutual funds have remained above their 200-EMA lines and now are back above their 50-EMA [...]
CLICK ON CHART TO ENLARGE 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 [...]
CLICK ON CHART TO ENLARGE Copper, Basic Materials and High Yield mutual funds have a quality track record for suggesting where the broad stock market and risk assets will head in the near future. Last year Copper, High yields funds and Basic materials broke rising support lines, before the broad market declined 20% from the [...]
CLICK ON CHART TO ENLARGE High Yield/Junk Bonds are often quality leading indicators for the future direction of the equities markets. Did Junk Bond ETF (JNK) create a “Head & Shoulders” topping pattern up against falling resistance line (1) at (3) of late? The “Power of the Pattern” would be suggesting to respect the [...]
CLICK ON CHART TO ENLARGE My hero and mentor Sir John Marks Templeton used to say…The four most dangerous words in investing are-”Its Different This Time!” Basic Materials ETF (IYM) and High Yield ETF (JNK) have created a series of lower highs since the 500 hit its highs last April, along line (1) and [...]
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