SMHD 10.21.16

Good Evening,

After a pre-morning gap down, buying came in but not enough-all three major indexes to close in the green.  

Earlier today, many on the East coast lost Internet access.  Image trading without stops if this happened.  Is this a one-time occurrence or a test how strong defense/protection strategies might be?

Interesting stats show Hedge fund investors pulled $28.2 billion from the industry in the third quarter, the most since the aftermath of the global financial crisis, according to Hedge Fund Research Inc.  The reasons why may surprise you-they did me!

I continue my series to analyze charts from the current Q3 2016, All-Star 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!

TonightI feature SMHDETracks Monthly Pay 2X Leveraged US Small Cap High Dividend ETN

Key Points on SMHD…
1.  Is trading in correlation with SPX
2.  Has an inconsistent dividend amount/payment
3.  A Simple Simon Buy Signal was generated after the February 2016 pullback
4.  Since the SS Buy Signal hit, SMHD ran over 60%
5.  Here is what it did in 2007-2009…SMHD did not roll out until 2015
 Keep an eye on the anemic low volume

Why the inconsistent dividend amount?  SMHD owns many funds that pay dividends quarterly and why their dividend spikes quarterly. 

Keep an eye on the monthly dividend and current price.  See if the volume can pick up to remains a “Garden Growing” candidate.

Next week I wrap up this series with a Performance Chart on the Garden Growing candidates.  

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

Enjoy your weekend,

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

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