The things I’ve done in my life have required a lot of years of work before they took off. Steve Jobs
Important Notice: Credit Suisse AG Announced UWTI and DWTI are being delisted. Click here for details. They will be dropped from the Playbook 2016/17 at the end of the month. It is sad to see them go.
All three major indexes closed in the green. The SPX is nearing a new high.
Today I analyze GGN, the performance leader in group A-Closed-End Fund Equity (C A3) and Global (C A4) Funds.
Last month, I analyzed a daily chart for GGN. Today I add another perspective and focus on the weekly two-year view.
Key Points on GGN…
1. Is currently tracking GOLD (.84) more than the SPX (.25)
2. The dividend amount has been stable at .07 per shares since the reduction in early 2015
3. After the SS Buy Signal hit in February 2016, GGN ran over 58%, making it a good trading candidate as well
4. Currently, profit taking hit with the current 18% drop
In full disclosure, GGN is a core “Garden Growing” holding in one of my long-term accounts.
I also consider it as a trading candidate using my 5-10-15 SMA Simple Simon.
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.
If you have a question or comment, contact David England at firstname.lastname@example.org.
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