KirkLindstrom.com - Articles - 2012 - HIO - “Western Asset High Income Opportunity Fund” vs S&P500
Kirk Windsurfing at Palo Alto in SF Bay in May 2009
 HIO Western Asset High Income Opportunity Fund
    HIO vs S&P500  click for chart
Kirk Windsurfing at Coyote Point November 2009
Must Read: Using Asset Allocation to make money in a Flat Market

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September 25, 2012:  Yesterday on Sept. 24, 2012 in his Silicon Investor group "Valence Tech & Market Talk With Don Wolanchuk", da_cheif™ shared this bit of information from Tim Ord, the "Ord Oracle."
from tim ord the “Western Asset High Income Opportunity Fund” (HIO). This fund tracks the SPX closely and can give positive and negative divergences at highs and lows on the SPX. We have pointed out a couple of divergences on the chart above which are the March high and the June low. Currently the HIO is pushing higher where the SPX is going sideways. Normally the HIO leads the SPX and suggests at some point the SPX will also push higher. This positive divergence could lead to a rally in the SPX at any time.




Make sure you read my article: Winning On The Zigs, Losing On The Zags  <<==


Don Wolanchuk shared this interesting relationship between HIO, the Western Asset High Income Opportunity Fund, and the S&P500 pointed out by Tim Ord.  This is a chart of HIP vs SPY including reinvested dividends.

HIO, the Western Asset High Income Opportunity Fund, and the S&P500
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