Step 12 3.16.17

EOM Garden Growing Prep:  Step 12   3.16.17

Yesterday at 2 PM EST, the Fed announced they would raise rates a quarter point-already factored into the market. The real question-will the Fed be hawkish on future hikes? They did not hint there would be more than three rate hikes for 2017. We will see.                                                     DOE
The more disciplined you become, the easier life gets. Steve Pavlina

The process to identify, allocate, set alerts and purchase our “Garden Growing” candidates may seem intimidating but after purchasing the first two to three funds, it should become muscle memory.

When we near the end of this series, I plan to offer an “in-person” training seminar to further explain the procedure and answer all questions.

Training is on Monday, March 27th from 6-8:30 PM. The location is F119 at JALC. This event is for paid EOM Members Only. You will receive a VIP Pass to attend. More to come…

Step 12

Allocate amounts/prices/shares of the VIP Closed-End Funds (BA 3) on the worksheet. In this part of the training, I analyze each candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.

Key Points on PFL

1.  Pays a (consistent) monthly dividend
2.  In the last two years, it has dropped 18%, 16%, and 7%
3.  Since my goal is to share appreciation for the next seven years, I want to buy after a price drop then only with a weekly SS Buy Signal, confirmed with a daily SS Buy Signal
4.  I plan to buy incrementally and budget $500 for each purchase

Action Points for Setting Alerts

1.   Price drops down to the 6 SMA
2.  CMF crosses under zero-it is there now
3.  MACD Histogram crosses under zero
4.  RSI closes under 30
5.  Slow Stochastics crosses under 20
Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $10.00 entry price.

This would give us 50 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.

We will wait to see if/which alarms hit. When hit, we will monitor until a Simple Simon Weekly, and SS Daily Buy Signal is generated before buying.

For those wanting to be all in simply allocate all 1K.

If having problems downloading the “ES Allocation Worksheet” (Members Vault), you may need to click on the “Enable Editing” button in your MS Office application to access the editable “Landscape” format. It should look the same as the PDF version.

When my analysis is complete, I plan to compile all steps into a single PDF document, available exclusively to EOM Members.

If you have questions, please send them to me at

Enjoy your week,

David O. England

Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2

This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.

DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *