by Chris Kimble, via dshort.com
Here's an update on a six-pack of high-yield funds, courtesy of technical analyst Chris Kimble.
Chris comments: High yield funds have all broken from flag patterns to the upside and 5 of the 6 funds are testing old highs for the year.
My commentary on September 13th (see chart below) showed that 5 of the 6 had broken from flag patterns. Now all of them have.
In the past, when high yields moved higher, stocks were usually with them. At this time, high-yield funds continue to suggest positive strength.
For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.
