What Are P&F Charts

In addition to my regular blog post I will post at lest twice per month and sometimes weekly a few P&F charts. I will be reviewing the markets using technical analysis and i will add annotations with my thoughts to these charts.

For many years I’ve used technical analysis of the markets on a weekly basis to gauge the tone and direction of the market.

This helps me determine how to structure my clients portfolios. But mostly it is used to help guide me on when to lighten up on certain types of investments like in 2001 and 2008.

I need to stress that I am not going to predict the direction of the market!!

No one can possible do this with consistency. They might get it lucky once or twice but cannot do it on a long-term basis.

Most, if not all charts will be Point and Figure (P&F) charts. This type of analysis has been around for quite a long time and is beneficial in that it eliminates most of the market noise. This way you don’t have to worry about the day-to-day moves in the market, rather you can focus on  the major trends.

Many of my clients have seen these charts before, but if you are new to this type of analysis here are several good links to explain of how P&F charting works…

Stockcharts Chart School on P&F

Investopedia – Point and Figure Charting Basics

Wikipedia – Point and Figure Charting

This part of my blog is strictly for educational purposes and not to be used in buying or selling securities. Neither myself or Broussard Financial Group or recommending you purchase or sell any securities mentioned.

Simply click on Market update in the menu bar above and you will see all related links to my updates.

As always, please post your comments or questions below.

 

 

 

 

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