Simple Simon Test: All-Star A List PEY 12.15.16


Great things are not accomplished by those who yield to trends and fads and popular opinion.                                                                 Charles Kuralt

This also pertains to Investors jumping in at new highs.  Remember NASDAQ 5000?  It took almost 15 years to return to that nominal high.                                                                                                                       DOE

Yesterday’s FED rate hike and future language was already priced in the markets.  I do not comment on the FED unless what they do makes a “real difference,” with our strategies or opportunities.

In this series, I analyze individual ETPs in my All-Star A list; searching for quality “Garden Growing” candidates. 

Today I focus on the fourth “Group A” performance leader PEYPowerShares High Yield Equity Dividend Achievers Fund.


Key Points…

1.    Trading with a .90+ correlation to the SPX

2.    Inconsistent monthly dividend payment amount

3.    Two Simple Simon Buy signals hit in 2016 resulting in very profitable             (22% & 11%) runs

4.    Trading near the weekly high for the year and above the 6 WMA

5.    Has an average daily volume of 411K

6.    Is an ETF

7.    Has a current distribution spread of 2.48% (3.02% – .54%)

Tomorrow, I wrap up the week and analyze NCV. Next week, I focus on the All-Star B List.

Enjoy your day!

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 eyeonthemarket@outlook.com.

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