RQI 10.13.16

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!

At 7:43 AM CST, I sent this pre-market message.

“If trading the Futures, look for the shorts to cover and lock in profits after the first thirty or forty minutes.”

The reversal began on cue thirty minutes after the open.  As the counter-rally continued many shorts were forced to cover resulting with all three indexes closing in the    

At one point, the DOW was down 184 pts.  It would be interesting to see who and what really led the buying. The afternoon counter-rally fizzled and all three indexes closed in the red. 
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In my new series I analyze 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!

Tonight I feature RQICohen and Steers Quality Inc. Realty Fund.

Key Points on RQI…
1.  Is NOT trading in correlation with 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, RQI ran over 39%
5.  Here is what it did in 2007-2009…check out the dividend action

Keep an eye on the monthly dividend and current price.  See if it recovers and remains a future “Garden Growing” candidate.

Tomorrow I crunch the numbers/chart on PMF.  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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