You will never win if you never begin. Robert H. Schuller
Even though profit taking hit in the afternoon, all three major indexes closed in the green. Oil took a hit and at one time was down $2.50/bbl.
As promised, the 2016 Q4 Asset Allocation worksheet is now available in the “Members Vault.” There are two versions; a PDF and the Excel worksheet you can customize to your needs. Both are designed in “Landscape” (horizontal) mode.
Today I roll out Version one of my Simple Simon Scans that I have worked on for over two years. This scan report will evolve over time to bring the most value to my EOM Members. I welcome any and all questions and feedback.
The purpose is to discover HPTs-higher (probability/profitability) trades.
Some candidates were flagged a few days ago, and some hit today.
No trading without protective stops are in place.
There is more to these candidates than just the Simple Simon (Long or Short) conditions. Some are listed because they may be Simple Simon candidates in the next day or two. Yes, I am flagging possible future SS trades as they develop.
I have worked on this feature for several years. My scanning conditions are proprietary and are not available for distribution. As EOM Members, you will receive the scan candidates on a weekly basis.
Simple Simon* Long Watch List FSC, HTHT, LRN, NXRT, OXGI, SCG
Simple Simon* Shorting Watch List FXG, SJB, TSL
What should you do? Study the candidate’s then transfer your favorites to a SS Buy and SS Sell watch list. When your buy or short signals hit, you know what to do.
You now see what I do during my day. Being able to sort through thousands of securities and find a handful of quality candidates to watch then trade (when the signals hit) is exciting and can be very profitable!
Enjoy your evening!
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 email@example.com.