We have prepared a short video (less than five minutes) analyzing the current point and figure chart for QQQ, which is the exchange traded fund representing the NASDAQ 100 Index, issued by PowerShares. This ETF (exchange traded fund) invests in the index, which is the top 100 names found on the NASDAQ 100 Index. The top few names in the basket include Apple, Microsoft, Google, Oracle, Intel, Cisco, Qualcomm and Amazon. It covers a LOT of recognizable technology names, so this represents an easy way for investors to get into some very recognizable technology names without a lot of fuss, or cost.
This ETF has been popular over the years, but popular only wins in school board elections. So I would also add the following: Past performance may not be indicative of future results. Therefore, no current or prospective 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.
If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions. This is NOT a recommendation to buy or sell, this is an ANALYSIS of the current point and figure chart.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.
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Bank Stocks Point and Figure Analysis January 2012
by Thomas Mullooly on January 30, 2012
How healthy are the big banks? No one knows the details, but we can get a pretty good idea of what investors think of banks, by simply looking at the point and figure charts in this sector. In fact, we can look at the entire banking sector, the entire financial sector (not just banks) — and the relative strength of these sectors. It’s a worthwhile look!
If you’ve got a mutual fund, exchange traded fund or a stock you would like us to ANALYZE, get in touch w/us! You can find Mullooly Asset on the web, or you can call us at 732-223-9000. We would be happy to review a chart for you and maybe even make a video of it. I would also add the following:
Past performance may not be indicative of future results. Therefore, no current or prospective 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.
If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.
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