Stock Market Comments by Mullooly Asset Management
We stress to our clients that “when the charts change, we will change.”
Investors do not need to ride the stock market roller coaster all the way up, and then all the way down again, over and over. We employ a five-step game plan, using point and figure charts to help manage the risk in your investments — whether that’s a retirement account at work (like a 401k), or your brokerage account.
As with all posts on this website, past performance may not be indicative of future results. Therefore, no current or pr
ospective client should assume that the future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions, or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s portfolio.
None of the securities mentioned in any of our Mullooly Asset Management Posts or Mullooly represent a past specific investment recommendation. Regarding any securities mentioned: we are providing an analysis of the current conditions at the time these posts were created. Any videos, podcasts and posts are not recommendations to buy or sell any security whatsoever.
We would also like to add if you are relying on a blog for specific investment advice, you are making a huge mistake. Always consult with an investment adviser before making ANY investment decisions.
If you do not see a topic you would like discussed in a future post, feel free to get in touch with Thomas Mullooly and his team at 732-223-9000 or through our contact page, here.
Here are some of our most recent stock market comments:
December 27, 2016Tom Dorsey, founder of Dorsey Wright & Associates, was recently interviewed by Steve Forbes.
January 5, 2016We get asked — often — “how can you be so sure about these charts? Look at what the market did yesterday! Are you sure we’re doing the right thing?” Now, one of our favorite movies is “My Cousin Vinny” And when we hear these questions, it sounds a lot like the dialogue between Vinny (Joe ...
March 23, 2015We have two quick updates on the S&P 500 and NASDAQ Composite indices today. Both are sending encouraging signals on their point and figure charts. They seem to be setting up for one of two potential patterns: the bullish catapult or the shakeout. Both the bullish catapult and shakeout are very bullish patterns. Of course, we ...
March 10, 2015Last week, it was announced Apple will be added to the Dow Jones Industrial Average on March 19th. Since the Dow Jones holds just 30 stocks, one has to go. AT&T is being dropped on that day.
February 21, 2015The Crude Oil chart over the past six months (since August 2014) has been in a free fall. The question now, is the crude oil chart merely glancing off the third floor awning (on the way to a splat on the sidewalk)? Or is crude oil forming a base that might become a ...
January 14, 2015Here at Mullooly Asset Management we use a form of technical analysis called point and figure charting to manage investments. In point and figure, one of the main purposes the chart has it to help us identify trends. Whether we’re looking at a stock, index, mutual fund, ETF or commodity, the chart will show us ...