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S&P HY Dividend Aristocrats Index Stalls, Signals Warning

The S&P HY Dividend Aristocrats Index is comprised of the 50 highest dividend yielding stocks of the S&P Composite 1500 Index. These stocks have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield, or pure capital oriented.

On a monthly timeframe, the S&P HY Dividend Aristocrats Index has stalled and is about to signal an imminent bearish crossover on the MACD. We have highlighted various points in time where the bearish crossover is signaled and it usually leads to no good.