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Mullooly Asset Management, Inc

Mullooly Asset Management

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

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Stacking the Odds in Your Favor

September 29, 2014 by Brendan Mullooly, CFP®

You’ve probably heard us discuss how relative strength allows us to keep tabs on market leaders and laggards. It’s not perfect because no investment strategy is, but relative strength helps us achieve our goal of cutting losses short while letting profits run.

We stack the odds in our favor by allowing relative strength to highlight which areas of the market are performing with superiority to their peers. To put it plainly, investments that have been going up faster than other similar investments. This can be done with stocks, ETFs, mutual funds, sectors, asset classes and more using point and figure charts. We value peer and market relative strength (among other factors) when evaluating investments.

A recent post by Mark Dow reminded me of our relative strength strategy. He wrote about why trends are not worth fighting. Dow states, “Managing money is about pressing your bets when the odds are in your favor”. This line reminded me of how we use relative strength to stack the odds in our favor at Mullooly Asset Management. He equates fighting a chart break down to stepping in front of train. This made me think of our general outlook on stocks in negative trends on their point and figure charts. I thought Dow made several good points in his post.

With the odds stacked in your favor, does that mean you’ll win every time? No, but it helps increase your chances. That’s why we use point and figure charts along with relative strength to monitor our clients’ investments.

Check out Dow’s post here: Of Trends, Yields, and Metals

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Filed Under: News, Point and Figure Tagged With: point and figure, relative strength

About Brendan Mullooly, CFP®

Brendan Mullooly is a CERTIFIED FINANCIAL PLANNER™professional with Mullooly Asset Management, Inc.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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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.

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