All-Star B Group JPS 8.31.17


EOM Garden Growing Part III:  All-Star B Group JPS  8.31.17

What could be the catalyst to propel the market higher? Tax reform.

What could be the catalyst for profit-taking? Unsuccessful tax reform.

Recent data from the BLS shows Americans on average spent more on taxes in 2016 than they did on food and clothing combined.  I wonder how this data looks with high property tax states?  

It is interesting to see with these increases, why the CPI does not go up?

In this part of my “Garden Growing” training, I analyze each All-Star B candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.

Key Points on JPS...

Key Points…

1.    Trading in a positive correlation (.90) to the SPX

2.    Pays a quarterly .058/share dividend

3.    Previous pullbacks were 14% was 5%. 

4.    Current trading on the 6 EMA

5.    Indicators are dropping

6.    MACD remains negative

7.    CMF is positive


Action Points for Setting Alerts

1.  Price closes under the 6 SMA or 10% drop
2.  MACD Histogram crosses back under zero-it is there now
3.  CMF crosses under zero
4.  RSI closes under 30
5.  Slow Stochastics crosses under 20

Note the indicator levels when JPS  made previous runs.

The institutions will have their alerts set for a duplicate scenario.  I plan to do the same.

When we receive a Simple Simon Buy Signal, go to the daily chart and confirm another SS Buy Signal before buying.

Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $9.50 entry price. 

This would purchase 52 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.

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

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 eyeonthemarket@outlook.com.

Tomorrow, I finalize my analysis of our All-Star B list, to establish entry strategies.

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.

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 *