I read a really good post today written by Greg Harmon of Dragonfly Capital Management. It reminded me of something we say repeatedly on our podcasts, videos and posts: When the charts change, we will change. Greg's post is all about the investing process. No matter...
Earlier this month, Tom and I had the pleasure to spend three days at the Dorsey Wright Point and Figure Institute. This was Tom's second time traveling down to Richmond for the event and my first. These kind of experiences help us to hone our skills in point and...
In this week's Mullooly Asset Management video, Tom takes a look at the point and figure chart of IBM. IBM reported subpar earnings this morning (October 20, 2014) and also reported paying one of their competitors to take a division off their hands. Not great news....
If you're a regular visitor to our site, you've probably heard us mention Tom Dorsey and his team over at Dorsey Wright and Associates before. Today the Wall Street Journal featured a great article profiling Tom and the team. They discussed, among other things, their...
When discussing point and figure charts, we've always found that people understand them better when they're compared to something they know. With week 5 of the NFL season about to get underway, we wanted to explain relative strength through a fantasy football analogy....
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...
We recently read a post on the Wall Street Journal about big investors who have missed out on the stock market rally of the last five years. The article talked about endowments from colleges and universities and corporate pension plans. Ten years ago the average...
One of the biggest unspoken concerns that investors have is avoiding another 2008. Throw that one in there with "how to know your advisor isn't Bernie Madoff" and "how to not miss a big market run-up" and you've covered the "trifecta". In this week's Mullooly Asset...
When support lines are broken, we need to pay attention. This particular chart broke the support line over three years ago, in August 2010. When support lines are broken, sometimes the move is so gentle, so slight, you might even miss it, or tell yourself "I'm going...
I rely on the point and figure charts and technical analysis from our friends at Dorsey Wright & Associates. They do a great job of keeping me up to speed on what really matters, and how the sands are shifting underneath my feet, while I manage money. Knowing...
