by Tom McClellan | Jan 25, 2023 | How I See It
Now that the November 2022 midterm elections are behind us, the stock market is in year three of the four-year presidential cycle pattern. Some analysts look at that on a calendar-day basis, but I prefer to count the years as beginning on Nov. 1 for...
by Tom McClellan | Dec 14, 2022 | How I See It
Gold prices have moved up by almost $200 off the October lows. Ordinarily, investors would respond by buying into GLD and IAU, the big gold bullion ETFs. But they are not doing that (yet), and that is really interesting. FIGURE 1: SPOT GOLD PRICE TREND...
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...
