Mullooly Asset Management

Mullooly Asset Management, LLC (“MAM”) is an investment adviser located in Manasquan, New Jersey. MAM may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. This blog is limited to the publication of general information pertaining to MAM’s advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of MAM’s blog on the Internet should not be construed by any existing or prospective client as MAM’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by MAM with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to MAM’s registration status, you may contact the state securities regulators for those states in which MAM maintains a registration filing.

Most Wall Street recommendations to buy are based on projected future revenues and/or projected future earnings. Projected. Or you could say, “predicted”.

Ever notice that a stock will begin to drop (many times without any news), and people will begin to ask “why is XYZ dropping?” Then rumors begin to swirl that something might be wrong, and the stock drops even further. In fact, it slides quite a bit until the actual news is released.

And by then, it’s often TOO late to sell the stock.

It appears that nearly everything written or said on Wall Street has an agenda behind it.

This is just a casual observation I’ve made over the past few months. It seems that, in the last few months, the clients that happen to call me on an option expiration day…will often point out some “news” or “event” that the “talking heads” on TV are talking about the reason WHY the market is up or down on that particular day. But little or NO mention of option expiration!

The beauty of the Point & Figure chart is that the chart has no preconceived bias. A Point and Figure chart doesn’t care who owns the stock, or who likes the stock…or even if somebody just predicted some stock would double in the next 12 months.

The chart only cares about the daily highs and lows of the stock price, that’s all!

And over time — that alone — tells an interesting story of its own.

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Mullooly Asset Management