Income and Equity CEFs Achieving New 52-Week Highs

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Energy Sector Strength Continues

Income CEFs @ New 52-Week Highs; Profit Taking Explodes!!!

Another useful tool for analyzing an index of your selection universe is a comparison between the number of issues establishing new 52-week high ground vs. those sinking to new 52-week lows. The longer the numbers are overwhelmingly positive, the more likely it is that a correction is approaching.

Superficial analysis is very straight forward --- there should be more new highs in an upward trending market and more new lows during a correction. Typically, New Highs vs. New Lows is the last market statistic to weaken...

  • Unfortunately, we will be unable to provide IGVSI only numbers going forward, but you can obtain related information at Barchart.com.

Will you take your stock market profits and/or increase your income this time, as the biggest rally in the history of mankind struggles to reboot? 

The New High and New Low issue stats from BarChart.com should be used in conjunction with the IGVSI daily watchlist to identify weaker and/or stronger sectors within the selection universe --- very important in helping investors determine where the bargains are and where the profit taking opportunities should be.

Remember to be quick on your profit-taking feet, using the two 7's beats one 10 "Brainwashing Book" strategy.  The correction is more than one year old... but threatening to end shortly... long and shallow corrections produce excellent trading opportunities.

Mutual Fund and ETF Retirees Take Note: The income you are receiving IS NOT BEING PRODUCED by your product holdings... you are now selling "units" and "shares" to pay your bills.

Your "Total Return" is probably still negative, BUT it is your lack of income that is your primary problem.

What's this all about? Check your copy of "Brainwashing" or contact Steve at the number below or at: sanserveataoldotcom

 

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Market Cycle Investment Management
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Steve Selengut is registered as an investment adviser representative. His assessments and opinions are purely his own. None of the information presented here should be construed as an endorsement of any business entity; the information is only intended to be educational and thought provoking.


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The Mentoring Program is FREE, and includes:

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Please read this disclaimer:
Steve Selengut is registered as an investment advisor representative. His assessments and opinions are purely his own and do not represent the views of any other entity. None of his commentary is or should be considered either investment advice or a solicitation of business. Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be or should be construed as an endorsement of any entity or organization. The reader should not assume that any strategies, or investments mentioned are any more than illustrations --- they are never recommendations, and others will most certainly disagree with the thoughts presented in the article.