2007 Big Five Citigroup 5.20.17

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EOM Technical and Trading: 2007 Big Five Citigroup  5.20.17

Here is a link to the “Summer Seminar” seminars.  

If planning to attend, please DON’T BUY A TICKET–I saved seats for EOM Members.  In June EOM Platinum members will receive an EOM VIP PASS to secure your seat. More details to come. 

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Today. we finalize this 2007 “Big Five” series.  I conclude the Simple Simon Sell signals gave multiple warnings with the “2007 Big Five” to lock in profits and/or generate sell (short) signals.

The goal of this series; audit the ‘Big Five” stocks in 2007, to determine if “Simple Simon, sell signals were visible.”  If so, we can use SS sell signals for when to take profits with the current Big Five.

In the beginning (Q1) of 2007, the “Big Five,” the largest market cap stocks (per etfdb.com) in the S&P 500 were Exxon Mobil (XOM), General Electric (GE), Microsoft (MSFT), Citigroup (C) and Bank of America (BAC). Their price action can heavily influence the movement of the index up or down.

Per the performance chart, Citigroup was the laggard. 

Citi Key Points…

1.    Used the split-adjusted chart

2.    Did not trade with 100% correlation to the SPX

3.    During the turmoil, drastically lowered the dividend amount paid

4.     A SS Sell signal appeared-actually five times as the price tumbled 98% after the top in October 2007

5.    CMF gave more accurate signals than MFI

6.    Trendline breaks were accurate signals along with the 6 SMA

Action Points…

1.    Identify which indicators gave the best previous buy or sell signals

2.    Implement the winning signals into your current game plan concerning your holdings

In conclusion, Simple Simon Sell signals gave multiple warnings with the “2007 Big Five” to lock in profits and/or generate sell (short) signals.

Next week’s theme–evaluate the current “Big Five” to know when to take profits and put on our “Bear Suits.”

Enjoy your weekend!

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.

If you have a question or comment, contact David England at eyeonthemarket@outlook.com.


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