EOM Q&A: Garden Growing and 2017 Q3 DIV. Report Q&A VIII 10.16.17
Last week, I concluded the Q&A component of this series. A special thanks to all that sent questions.
This week, I analyze the market and current Garden Growing candidates to see if it is a prudent time to buy.
Many are ready to jump in and begin their Gardens, so let’s look at the last 5% pullback and what happened afterward.
1. The closest the SPX has to a 5% pullback was last November with a 4.9% pullback-see point A
2. After the pullback, the SPX rallied 22.6%-see point B
Last week I stated, “If looking to enter at these levels, one needs at least a 5%+ run to break-even before a 5% pullback.
I calculated when a 5% run would have started. The answer, mid-August–point C.
Something to consider…
On October 20th, the current run will be the 5th longest run (since 1942) without a 5% pullback (477 days).
Tomorrow, I analyze a Heartbreak Hotel candidate and detail my 85% rule.
The rest of the week, we see if our All-Star and CEF VIP Fund candidates under or out performed the SPX….from 5% ago. See red vertical line above.
This will give valuable insight for those planning to buy at these levels.
Questions-send them to me at Eyeonthemarket@outlook.com
Enjoy your week!
David O. England