EOM “Garden Growing” Candidate Report PGP 10.11.16

Yesterday’s post on the global debt was not intended to frighten anyone out of positions but to explain the severity of the situation.

Any buying/selling should be made using an one of the Trading Systems we discuss. How close you are to retirement should be included in your decisions.

Today the Bears had the ball until mid-afternoon when the short covering began. All three major indexes closed in the red. The SPX bounced off the longer term trend line-this time. The next test may result in a different result.

Earning season started today when Alcoa reported. Later this week many financials report. Wells Fargo reports on Friday.

Rumor has it Wells Fargo’s expected earnings are so dismal they laid off ten Senators, three dozen House Members and four dozen lobbyists. Sounds like tough times ahead.

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 your candidates for the next pullback.

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

Tonight I begin with PGP-PIMCO Global Stocks Plus & Income Fund. Here is their information from Morningside.com.

Key Points on PGP…
1.  Is not trading with SPX
2.  Dropped their monthly dividend 20% last month
3.  The price dropped 17 percent but is recovering
4.  A Simple Simon Buy Signal was generated after the February 2016 pullback
5.  Since the Buy Signal hit, PGP ran over 27%

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

Tomorrow I crunch the numbers/chart on one of my holdings GGN.

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.

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 *