The YIELD PLAY feels like it needs a rest after TLS and CBA have both rallied approximately 10% in 3 weeks. Yesterday, we saw the market rally strongly for the 10th consecutive day, while both TLS and CBA were in negative territory at 3pm, they and the market simply need a rest. I have very mixed feelings at present on US equities as you all know, but the local yield stocks should remain supported if we get a correction overseas. The feedback I am getting from friends on US trading desks is they have not seen so much interest in Australian equities for years, I assume due to the low $A. Seasonally the banks have been up +0.3% in February, +2.5% in March and +3.2% in April. This implies we might be due for a rest now, but then possibly see CBA trading over $95 in March. Here are two scenarios that I have touched on previously. Both pay solid, fully-franked yield and have extra potential upside through possible takeover or merger opportunities SUN/BOQ and ASX See the full report: (VIEW LINK)