After a pre-morning gap down, buying came in but not enough-all three major indexes to close in the green.
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 SMHD–ETracks Monthly Pay 2X Leveraged US Small Cap High Dividend ETN
Key Points on SMHD…
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.
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 email@example.com.