In the wake of my preview on monthly moving averages, technical analyst Chris Kimble shares a high-yield chart six-pack which also focuses on a moving average.
Chris comments: Now 5 of the 6 high yield funds are breaking below their 50-day Exponential Moving Averages. Since November 5th, high yields have declined more than the S&P 500. In the past, relative weakness in the high yields has not been a positive for equities.