• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Mullooly Asset Management

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

  • Our Fees
  • About us
  • Schedule a Meeting

Bullish Percent Points Towards Market Averages Heading Lower

June 24, 2007 by Thomas Mullooly

https://media.blubrry.com/invest/p/mullooly.net/public_html/wp-content//Market%20Averages%20Head%20Lower_mixed.mp3

Subscribe: RSS

Am I a broken clock?

Or is the rest of the world figuring out what we’ve been saying all along?

The primary indicator that I use to measure risk in the market is the New York Stock exchange bullish percent chart. This chart merely tells us the percentage of stocks that are currently on buy signals.

Historically, we entered the “high risk zone” when we are in X’s and this number exceeds 70%. We are currently in X’s at 74%.

But this indicator moves a little slower than I would really like. So I often like to see what the short-term indicators are saying as well. The short-term indicators are all pointing towards some weakness in the market.

Remember, these indicators measure supply and demand, not actual price movement. So what all these indicators are trying to tell you is this: the market has been experiencing a very solid move upward. However, we are starting to see clear signs that supply is overtaking demand. Any time, in any kind of market (whether that be real estate, commodities, books, cars, anything), when supply outstrips demand, prices must fall.

The only thing we really can’t tell you regarding the market for certain is when, and how far.

What we can tell you is that storm clouds are starting to appear and were starting to get random reports of lightning and thunder. Like I’ve mentioned before over the last couple of weeks, we’re in the eighth or ninth inning of this ball game. We may find out shortly that it’s time to take our bat and ball and go home. Right now, we will keep things “as is.”

As always, we’ll keep you plugged in and let you know when it’s time to make a move.

Tom

Thomas Mullooly
Mullooly Asset Management LLC
Our Only Business Is Fee-Only Investment Advice
www.mullooly.net
support@mullooly.net

 

Never miss a post...and we deliver!

newsletter mailman

Get our updates delivered right to your inbox. Sign up today!

Success! Now go and check your email to confirm your subscription.

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Filed Under: Asset Management, Stock Market Comments Tagged With: buy signals, short term indicators

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

Footer

2052 NJ-35, Suite #203
Wall Township, NJ 07719
Phone: (732) 223-9000
Fax: (732) 223-9600
Email: support@mullooly.net

  • Privacy Policy
  • Disclosures and Legal Disclaimers

Useful Links

  • Contact Us
  • Client Login
  • Pay Bill Online
  • About us
  • Our Fees
Text Example

The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Resource Center

  • Videos
  • Podcasts
  • Blog

Copyright © 2021 · Design by :- Eliza Jack