by Tom McClellan | Jun 24, 2020 | How I See It
Back on March 19, I wrote the article “Stock Market Showing Another Example of ‘Rogue Wave’ Behavior.” Figure 1 (from June 11) is an updated version of the chart from that article. The only change is that three more months’ of price data for...
by Tom McClellan | Feb 5, 2020 | How I See It
Small-cap stocks have been underperforming large ones since mid-2018, and this underperformance should continue until the end of 2020. Figure 1 shows a relative-strength line (green) for the Russell 2000 Index (R2) versus the Russell 1000 (R1). It is a...
by Tom McClellan | Jan 15, 2020 | How I See It
Last week (the week of Jan. 6), the major market averages largely ignored missile strikes, oil market turmoil, and excessively bullish sentiment, keeping market prices marching higher in 2020. But we have a major bearish divergence now in the CBOE VIX...
by Tom McClellan | Oct 9, 2019 | How I See It
The American Association of Individual Investors (AAII) releases its weekly survey of its members every Thursday, and last week’s showed a pretty big spread between the bulls (21%) and the bears (39%). Another 39% of participants are “neutral,” and not...
by Tom McClellan | Aug 28, 2019 | How I See It
The whole media world is abuzz lately with talk about the inverted yield curve and what it means for a potential recession. The track record is mixed there, and there is much debate among academics about whether it is “different this time.” But there is...
