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 off the brick walls of support. Using… [Read More] Point and Figure Charts for Dow Jones and S&P 500: July 25, 2012
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Financials-Rising-From-The-Dead.mp3Subscribe: Android | RSSFor a financial advisor in Monmouth County, the possible rise of financial companies is extremely significant. In this podcast, we take a look at how (and why) financial companies may be rising from the dead. To a financial consultant, this is shocking because the stocks in the financial sector have been comatose… [Read More] Here’s Why Financial Companies Might Be Rising From The Dead
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 was enough to break… [Read More] Positive Trend Can Be Your Friend
Everything written by the financial media has an agenda behind it. And it often ends up with money coming out of your pocket. Don’t ever forget that. As a reminder, you can find our weekly podcasts on iTunes. Simply head over to the iTunes Store and type in “mullooly.” You can also listen to podcasts… [Read More] Can We Trust The Experts In the Financial Media?
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 flipped to playing defense, and the intermediate indicators followed soon after. … [Read More] Playing Defense is Not Bad, Just More Risk In the Market
Weekly Commentary for June 14, 2011 Currently the S&P 500 resides at 1270. The next support line break would be at 1250, which also is the low reached back in March. The March low (ALL charts) has been our red flag area all along. So we’ll be watching for 1250 on the S&P 500. It… [Read More] Support Line Break: 1250 on the S&P 500 Is Next