Suggested to acquire some PFF in the post below, if you were looking for “Income and Growth” potential, via Preferred Dividend stocks. (see post) PFF is yielding in excess of 6%.
Taking Pocket Change Gains in PFF due to the chart below (on the right).
The price action in PFF is one that I would suggest watching closely. Preferred stocks are considered conservative holdings and if they start breaking down it would be a sign of underlying weakness.
On a different front, LQD (high-grade corp debt) has done very well, yet when the credit crisis started to pick up speed back in early 2008, this ETF was faced with selling pressures and falling prices. If you happen to own this ETF, I would for sure be on guard to its price action and feel it would be a good idea to harvest at least “part of the holdings” at this price level.
U.S. Equities first!
“underlying weakness” in?
A. U.S. Equities
B. International Equities
C. Emerging Market Equities
D. All of the above
E. None of the above
Chris,
Thanks!
Bob
Phil,
Great comment and appreciate the info!
Whether it did go ex or not, this is a pattern that I would watch VERY CLOSE!
I believe LQD went ex-dividend on Friday and was therefore down on the chart. Not sure if it still qualifies as a double top then?