Simple Simon Scan Review & Announcement 4.25.17

Time to get up to speed…

To date, I have allocated 80% of my Garden 2024 funds for select high-dividend funds. Alerts will let me know when predetermined conditions hit.  My real-money from previous ‘Annuity’ Accounts is still in transfer.  This process is like watching paint dry and requires more patience than allocated.  

Today, I write about the 10% of my ‘Garden 2024’ portfolio used to generate income-my trading (fun) portion.  Remember, the remaining 10% is reserved for Money Market Alternative funds.

To fine tune our trading strategies, in May I plan to add a ‘new feature’ to the mix.  When I identify a Simple Simon Scan candidate, it will be added to an ‘Excel’ spreadsheet to monitor.  More on this later.

Let’s review the progress of a couple of previous Simple Simon Scans to see if they deserve future time allocation.

My goal is to provide quality trading candidates.  If 2-3 out of 10 run and we have tight stops on the rest, we can make really good money. My rule-of-thumb is to pick 1or 2 quality candidates for every 10 from the scans.
Also, stop (buy or sell) orders are mandatory along with a protective exit order to protect our downside risk.

The following candidates were listed in February.  The day they hit a Simple Simon Scan is highlighted with the slotted red-vertical line. Of course, not all candidates were profitable.  Here are some that were…

SS Long Candidates and their percent run after hitting a SS Buy Signal

CMTL  33%

CNBX  740%

SCSS   54%

SS Short Candidates and their percent run after hitting a SS Sell Signal

AOI   -33%

CELP  -5% then -40%

MSCC   -13%

PETX   -23%  

The bottom line; were there opportunities from the Simple Simon scans? 

A more important question; did you make money with any of them?

Tomorrow we return to the All-Star B analysis for our next Garden Growing portfolios. 

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.

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

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