The key to making money in stocks is not to get scared out of them.
Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the getting’ was good. Bill Gross
Very Interesting quotes with opposing messages-who is telling the truth? DOE
Today I finalize my analysis and focus on the VIP CEF lists; in search of quality “Garden Growing” candidates.
Here is the updated performance of the CEF Equity/Global Funds, files CA3 and CA4. I highlighted the January-February pullback-red box. This is what we need to be looking for with the next pullback and retracement.
Here is the updated performance of the CEF Convertible/Income Funds, file CA7. I highlighted the January-February pullback-red box. This is what we need to be looking for with the next pullback and retracement.
For my traders, these candidates make excellent trading candidates after pullbacks.
If you missed the February pullback just relax, there will be other pullbacks ahead. My question, will you be ready? If not, why?
Next week, I return to the regular schedule with “Macro Monday,” to get an idea if this rally is losing steam, plus much more.
Enjoy your weekend!
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.
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