EOM “Garden Growing” Candidate Report GGN 10.12.16

Per my recent survey-the vast majority of EOM Members favored the Simple Simon Scan option. In November, I begin this new feature. Don’t miss it!

The Bulls worked to have a positive close until the Fed Minutes were released resulting in all three major indexes closing mixed. The SPX continues to trade above the longer term trend line. The next test may result in a different result.

This week and next, I roll out a new series analyzing charts from the current Q3 2016, All-Star A&B list to see if they received a Simple Simon Buy Signal after the February 2016 pullback.

This will give valuable “insight and practice” on how to analyze funds for “Garden Growing” candidates!

The most recent Dividend Fund Report (Q3 July 25, 2016) is in the “Members Vault”.

Tonight I begin with GGNGabelli Gold Natural Resources & Income Fund.

Key Points on GGN…
1.  Is trading in correlation with GOLD and not SPX
2.  Has a consecutive dividend amount/payment
3.  A Simple Simon Buy Signal was generated after the February 2016 pullback
4.  Since the SS Buy Signal hit, GGN ran over 59%

Let’s keep an eye on the monthly dividend and current price to see if it recovers and remains a future “Garden Growing” candidate.

I own GGN.  It is one of my main “Garden” holdings. My goal is to see how long it takes to double the amount of original shares. 

Tomorrow I crunch the numbers/chart on RQI.  Did it receive a Simple Simon Buy Signal in February?  

In November, I begin my new Simple Simon Buy/Sell System Scans. Don’t miss it!

Enjoy your evening,

David O. England

Plan your work, work your plan, and share your harvest! Philippians 2:3-4

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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