AOD Watch: Little Engine That Couldn't

Alpine Total Dynamic Dividend Fund (AOD) is again doing a fine imitation of the Little Engine That Couldn't. For a second day it has opened lower that the prior day close, hit a new low, bumped up above the open, and then retraced for a small net gain.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $4.94

It's as though traders are second-guessing their optimism, saying "I think I can I think I can" but ultimately concluding, "Aw, heck, I can't. Let's bag it."

The low (so far) today of $4.85 implies a dividend return of 13.6%, not too terribly competitive against the domestic U.S. alternatives, given the currency exchange risks involved in AOD's international holdings.

That low is not the fund's all time low.

Reversal Levels

• $7.59, +53.6% (6/2010)
• $4.94 <== You are here.
• $4.85, -1.8% (today)
• $4.82, -2.4% (11/2008)
• $4.52, -8.5% (10/2008)
• $4.22, -14.6% (3/2009)

I would also note that AOD intra-day is trading sideways just below Monday's sideways range, between $4.95 and $4.85.

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Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• psar - Parabolic Stop and Reverse
• adx - Average Directional Index
• pps - Person's Proprietary Signal
• ma20 - 20-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.