Don't Ignore This Chart

Multi Sector Income Trust Yields 8.5%

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It was only a few weeks ago when the fundamental commentary was about the money that would be lost by owning defensive sector stocks. This BlackRock Multi-Sector Income Trust (BIT) generates 8.5% and closed out the year hitting a new 52 week high! While everyone was trying to outperform the market with aggressive stocks, this income strategy paid out very well.


If the overall market is setting up for a pullback in January, this looks like a nice chart profile that can help you sleep through the night. 

Good trading and Happy New Year,
Greg Schnell, CMT, MFTA.

 
Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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