The Allure of Catching the Falling Javelins

As tempting as it may be to fish out the mega-yielding MLPs (beyond crude oil, itself, of course), the reality is that it is likely best to wait for the HYG and JNK ETFs to at least stabilize. 

To be sure, the elements for a washout on a chart like the MLP, KMI, are present insofar as a steep price swoon to oversold after a prior downtrend, surging sell volume, negative headlines and and panicky sentient, a plethora of bottom-fishers always underwater quickly. 

But we still have yet to see a few notable bankruptcies in the entire complex. Perhaps there are no monsters hiding under the bed this time. But, typically, the market would not be acting this way, but-for the danger lurking below the surface. 

It is worth repeating that until the high yield market can at least stop going down, catching the falling javelins in energy carries even higher risks. As for precious metals and miners, they are still, in many cases, holding over recent lows which is a baby step, for now. 

Elsewhere, SWHC is pushing higher into earning tonight. I have my eye on RGR, also, above $60 if SWHC earnings go well.