EOM Trading Tuesday: Simple Simon Scans 12.27.16

From both the standpoint of stocks and bonds, an investor wants to go where the growth is.                                                                                        Bill Gross

I am glad my members can read through this kind of garbage and know we don’t buy growth, we target profit.                                                           DOE

Earlier today, I gave an interview will Will Stephens and focused on my 2017 predictions plus much more.  EOM members will receive the charts I discussed later this week. Click here to listen. 

With the current momentum and the financial media cheerleading, I am looking for a DOW gap up over 20,000 vsoon to put it in the rear view mirror.

Today I roll out trading candidates from my Simple Simon Plus Scans. The purpose; discover HPTs-higher (probability, profitability) trades, some before the SS signals hit. 

The day they were flagged are signaled by a vertical red slotted line.

Some of my best trades happened when candidates moved from long to short or short to long candidates.  Something to consider. 

Don’t forget, if you are short a security when the pay a dividend, the owner of the borrowed shares still get the dividend.  It comes out of your account.

Simple Simon Long Candidates 


 Simple Simon Short Candidates 


Action Plan…

Study each candidate then transfer your favorites to a SS Buy and SS Sell watch list.  Determine your trade conditions and set alerts at your broker or Stockcharts.com. 

For example, if a short candidate falls through a hard support level.  Then set an alert at that price level for the security.

When your buy or short signals hit, you know what to do. No trading unless protective stops are in place.

For setting alerts at your broker, contact them and have them walk through the process. The brokers may have a trademark name for alerts, for instance, Trade Triggers at TDA.

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 eyeonthemarket@outlook.com.

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