Stock Market Comments: When The Charts Change, We Change

by | Jul 7, 2011 | Point and Figure, Stock Market Comments

Weekly Commentary for February 22, 2011

We continue to run offensive plays in the stock market. And as long as we have control of the football, that is what we will do. As I have mentioned before: when the charts change, we will change.  Domestic stocks continue to move right along. Small and mid cap stocks are out-running large caps, but even large caps  have been participating. Small and mid caps rock, though.

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.

The pull-back in international markets has not materialized, or…at least yet. So, we have some cash in many accounts to put to work. If the dollar cools off, we may even go back into foreign markets.

We will just have to see.

Commodities will continue to be in the spotlight as long as there is political unrest (this time: Libya) and inflation.  The strongest areas remain real estate, technology (especially the internet) and commodities. Bonds continue to slump.

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