Our portfolio management strategy at Mullooly Asset Management has two main parts: point and figure charting and relative strength. Relative strength is also referred to by academics as the momentum factor. To put it plainly, relative strength (or momentum) is...
Relative strength is a topic we enjoy discussing at Mullooly Asset Management. Relative strength measures how one security is doing compared to another. Through research provided by our friends at Dorsey Wright and Associates, we can determine the relative strength of...
Our friends at Dorsey Wright and Associates have always maintained that, "It's often about what you don't own", when it comes to returns. Successful investing relies on your ability to select favorable investments, but it also hinges on avoiding poor ones. Relative...
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...
Being consistent is a critical concept we must learn during life. Setting his recent and questionable financial advice aside, Tony Robbins has said that, "It's not what we do once in a while that shapes our lives. It's what we do consistently". This is 100% accurate....
The small cap swoon has continued into October and we’ve repeatedly heard advisors, the financial media, investors, and clients ask, “Is the run in small caps over?”. If you’d like our opinion at Mullooly Asset here it is: maybe. Not the answer you were looking for?...
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...
Keeping the theme with our podcast from last week (take a listen here if you haven't already), Tom talks about the S&P 500's two different forms. Many people don't know that the S&P 500 is a cap weighted index, meaning the stocks with the largest market...
