Remember To Share This!

Weekly Commentary for May 31, 2011

Last week we discussed how so many of our favorite charts have pulled back. But they have only pulled back to the middle of the trading band, nothing more. A little more on this:

When the May statements arrive in the mail, it might appear we have made no money, or, we may have even lost a little ground. Despite what some may say, this is *not* the time to be ripping apart the play book and/or changing direction.

The top technical-rated areas of the market are (still): small cap followed by mid cap! Even though these two have lost some ground, small and mid caps still kick large cap’s butt, seven ways to Sunday.

So, even though small and mid cap gave back ground in May, we still look to buy as the strongest areas on pull-backs. This is because we are in an upward (bullishly configured) market.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.

If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website.

Under no circumstances should the content discussed on this post be considered specific investment advice.

Now if the markets had a downward (or bearishly configured) look, we would not even stick around, we’d be sitting in cash and talking about our summer reading books instead.

If you do not understand the game plan, or what is you going on, you have an obligation to get in touch with us. You can email us back, or call us, at 732-223-9000 so we can figure a time when you & I can catch up on this.

One last thing: splattered all over HBO this weekend is their movie, “Too Big To Fail” about the financial meltdown in late 2008. And there are some well-known actors in it. No need for lengthy explanations, just watch it. It will be worth your time.

Remember To Share This!