Garden Growing and 2017 Q3 DIV. Report Q&A VIII 10.16.17


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. 



Key Points…

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


Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2

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.

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