by Tom McClellan | Sep 21, 2022 | How I See It
Figure 1 presents a chart I have been watching very closely and sharing in my Daily Edition newsletter. It presents multiple perspectives and has a great lesson on a couple of important chart analysis principles. FIGURE 1: RECENT ‘HEAD AND SHOULDERS’...
by Tom McClellan | Jul 27, 2022 | How I See It
If we look at the classic version of the McClellan Volume Summation Index in this week’s chart, then there is some reason for the bulls to have hope. There is a slight bullish divergence right now, with prices having made a lower low. The Summation...
by Tom McClellan | May 11, 2022 | How I See It
The U.S. Dollar Index is climbing up to its highest level since 2002, which is getting a lot of currency traders excited. U.S. manufacturers are a lot less excited. A more valuable dollar makes it harder to sell products overseas. FIGURE 1: LONG-TERM...
by Tom McClellan | Mar 2, 2022 | How I See It
In the latest survey from Investors Intelligence, bulls have fallen to 32.2%, and bears are at 31.0%. That is the lowest bull-bear spread since the COVID crash in March 2020. This is pretty significant because the average bull-bear spread since 2006 is...
by Tom McClellan | Jan 26, 2022 | How I See It
I used to believe as others do that the “proper” advance-decline (A-D) data come from the “common” stocks. After all, they are the real stocks, so they should know better what the stock market is doing. I stopped believing that once I looked at the...
