Active investment management’s weekly magazine for fee-based advisors

Tom McClellan

Tom McClellan is the editor of The McClellan Market Report newsletter and its companion, Daily Edition. He started that publication in 1995 with his father Sherman McClellan, the co-creator of the McClellan Oscillator, and Tom still has the privilege of working with his father. Tom is a 1982 graduate of West Point, and served 11 years as an Army helicopter pilot before moving to his current career. Tom was named by Timer Digest as the #1 Long-Term Stock Market Timer for both 2011 and 2012.

Will high taxes restrict economic growth?

Low taxes are a big stimulus to economic activity. Everyone knows that. Curiously, not everyone understands that high taxes are a giant restriction on the economy. The following chart offers some evidence of that. Several decades of history show us that...

Simple vs. complex oscillator structures

The nature of structures in the McClellan A-D Oscillator carries important information about what lies ahead. A “complex” structure chops up and down without crossing the zero line. Such a complex structure implies strength for the side of zero on which...

NASDAQ volume reaches extreme point

We are seeing some wild numbers for NASDAQ share volume lately, much bigger than anything in recent years. This points to a speculative blow off underway. For many years, analysts have looked at the ratio of NASDAQ to NYSE volume as an indicator of tops...

Gold prices lead interest rates

Gold prices are important not just to traders of gold coins. They are also a great leading indicator of many things that will happen in the future. A recent chart shows one of the messages we can take from gold prices, which concerns long-term interest...