This week on the Mullooly Asset Management podcast Tom and Brendan discuss the new high set yesterday by the Dow Jones Industrial Average. The new high broke the previous record set on October 9, 2007. So what does this mean moving forward? Well it can certainly take...
The Dow reaches 14,000 on Friday, February 1, 2013 for the first time since 2007, and investors wonder what will this mean going forward? Seeing a headline "Dow reaches 14,000" should not make you dump stocks, or buy stocks either. The Dow is still just a basket of 30...
Support Lines and Point and Figure Charts If you have seen my other video lessons on point and figure charts, you know that support lines often act like brick walls. And point and figure charts tend to drift down toward support lines and often (but not always) bounce...
In this video, we take a look at the POWER of support lines. Some support lines will cause changes in your 401(k) if broken. Support lines often act like brick walls, meaning we tend to get a bounce off a support line. And it takes a LOT to break a support line. Here...
After a good run in late October, the last day of October AND now the first day of November, the stock market is off to a thud. What's happening? There is a significant difference between the stock market action in late July - early August and now. The drop in August...
Last week, we reviewed the action on the Dow Jones Industrial Average (DJIA). The date of that chart was September 27, 2011. In light of yesterday's activity in the stock market, I have prepared a short, two minute video to review what is happening -- just one week...
This is the Dow Jones Industrial Average (September 26, 2011 close) point and figure chart. This is a 100-point box chart (each box along the side represents 100 points on the Dow Jones). All charts are courtesy of Dorsey Wright & Associates Dorsey Wright offers a...
Weekly Commentary for April 5, 2011 So, UConn wins the big game by shutting down Butler. Butler makes only 18.8% of their shots (a pitiful number), and UConn plays big-time defense. Since the recent stock market peak on February 17th, the short term indicators...
The stock market has been posting gains the past few days. After two very tough months to start 2009, what could go wrong? Plenty, especially if you are focused on just the Dow Jones Industrial Average.
Don’t get hung up on the Dow Jones. The Dow Jones may not be a “relevant” yardstick for you to use. After all, it’s only 30 stocks…and you might not own ANY of them.
