by Thomas Mullooly on November 1, 2011
After a good run in late October, the last day of October AND now the first day of November are off to a thud. What’s happening?
There is a significant difference between the market action in late July – early August and now. The drop in August was enough to break support lines. But at the present time, we are operating in a positive trend… a big difference. While the market carries a long-term negative (bearish) outlook, there will be times where the short and intermediate term is positive.
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.
For example, in 2008, we had similar long term bearish market tones, but yet we had a sustained three month rally starting in late spring that made (guys like me) scratch our heads. 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.
Here is a snapshot of what is happening right now:
Be sure to get in touch with us if you questions regarding the overall game plan.
by Thomas Mullooly on October 4, 2011
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 market, I have prepared a short, two minute video to review what is happening — just one week later. The great thing about point and figure charts is they allow us a clear view of what is happening RIGHT NOW.
We do not have to be bothered with predictions of where the market is heading.
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. The postings and videos on this site are my own and do not necessarily represent Dorsey, Wright & Associates positions, strategies or opinions.
Our point and figure charts are provided by Dorsey Wright & Associates. I encourage you to visit their website and check out their free two week trial subscription!
Please contact us at 732-223-9000 if you have questions.
Positive Trend Can Be Your Friend
by Thomas Mullooly on November 1, 2011
After a good run in late October, the last day of October AND now the first day of November are off to a thud. What’s happening?
There is a significant difference between the market action in late July – early August and now. The drop in August was enough to break support lines. But at the present time, we are operating in a positive trend… a big difference. While the market carries a long-term negative (bearish) outlook, there will be times where the short and intermediate term is positive.
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.
For example, in 2008, we had similar long term bearish market tones, but yet we had a sustained three month rally starting in late spring that made (guys like me) scratch our heads. 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.
Here is a snapshot of what is happening right now:
Be sure to get in touch with us if you questions regarding the overall game plan.
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