Garden Growing–MINT Q&A XIII 10.26.17

EOM Q&A: Garden Growing–MINT Q&A XIII 10.26.17

Yesterday, the $NASDAQ bounced off the 30 EMA-will the selling continue?

Many times the charts are reduced in size for this email format.  In most posts, there is a link to transfer my chart to your account. 

With the DOW and other indexes continuing to run, many EOM Members are looking at BOND-MINT-TOTL as a safer-haven for cash.

Why?  Check out their action during previous SPX pullbacks-blue ovals.

Today, I focus on  MINT and what to watch before entering.

Key Points…

1.    Is currently trading with a XX correlation to the SPX

2.    Previous end-of-the-year dividend action is highlighted-no year end spikes like with BOND

3.    Previous pullbacks are highlighted with the highest pullback .40%

4.    Previous buy signals are highlighted-vertical blue boxes

5.    Check out the overbought status of the RSI and Slow Stochastics-a rare site indeed

Action Points….

1.    Note the MACD, CMF, and Slow Stochastic previous levels when buying came in

2.    The monthly dividend is trending higher-will it continue?

3.    I will be watching to see if selling/profit taking comes in

4.    The current rally, starting in January of 2016 is 3.7%

MINT is not like other securities.  If we are watching it for a steady, monthly dividend-paying safer-haven, Institutional funds are too!

While many want to catch a price bottom, picking an exact entry point can be difficult. 

So what does this mean?  MINT is bought as a safer haven, where Institutions/Investors place funds when locking in profits from selling securities.

When this is the case, you may not receive a buyable pullback for some time, as in the case with MINT.  Look at the  strength in the last two years. 

Tomorrow, I feature TOTL.

Questions-send them to me at

Enjoy your day!

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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