Tom McClellan's Blog

Editor

Tom McClellan has done extensive analytical spreadsheet development for the stock and commodities markets, including the synthesizing of the four-year Presidential Cycle Pattern. He has fine tuned the rules for interrelationships between financial markets to provide leading indications for important market and economic data.

Tom is a graduate of the U.S. Military Academy at West Point where he studied aerospace engineering, and he served as an Army helicopter pilot for 11 years. He began his own study of market technical analysis while still in the Army, and discovered ways to expand the use of his parents' indicators to forecast future market turning points. Tom views the movements of prices in the financial market through the eyes of an engineer, which allows him to focus on what the data really say rather than interpreting events according to the same "conventional wisdom" used by other analysts. In 1993, he left the Army to join his father Sherman in pursuing a new career doing this type of analysis. Tom and Sherman spent the next 2 years refining their analysis techniques and laying groundwork.

In April 1995 they launched their newsletter, The McClellan Market Report, an 8 page report covering the stock, bond, and gold markets, which is published twice a month. They utilize the unique indicators they have developed to present their view of the market's structure as well as their forecasts for future trend direction and the timing of turning points. A Daily Edition was added in February 1998 to give subscribers daily updates on their indicators and also provide market position indications for stocks, bonds and gold. Their subscribers range from individual investors to professional fund managers. Tom serves as editor of both publications, and runs the newsletter business from its location in Lakewood, WA.

China’s 10-year Yield Bumping 4%

By Tom McClellan – Even before President Trump’s Asia trip, Chinese 10-year sovereign bond yields have been pushing higher. And that means we should expect the same for US 10-year T-Note yields. I wrote about this relationship...

The New FANG Plus

By Tom McClellan – The InterContinental Exchange (ICE) has just rolled out a new futures contract called the NYSE FANG+™, based on the original four FANG stocks (Facebook, Amazon, Netflix, and Google) plus 6 others.

GLD Assets Spike Higher

By Tom McClellan – A late-August surge in gold prices has finally attracted traders back into SPDR Gold Shares (GLD), the largest of the gold bullion ETNs. This week’s chart looks at total assets held in the GLD Trust, which issues or...

How VIX Ends a Long Run of Low Values

By Tom McClellan – With the VIX Index down in the 9s, and with valuations at historic extremes, investors are wondering how long this all can last. The short answer is, MORE. The VIX Index made its all-time closing low...

When Not to Go Short Volatility

By Tom McClellan – The VIX is a supposed “volatility index”, but it does not really measure actual volatility. Instead, it measures what options traders think about volatility. All of the various investment vehicles that have popped...

High-Yield Bond A-D Line

Junk bonds are the canaries in the stock market’s coal mine. If you want to know ahead of time that trouble is coming for the stock market, then one of the best places to look is the high-yield (or junk) bond market. The movements of prices...

Smart Money Massively Short Oil

There is a giant wall of short positions held by the smart-money “commercial” traders in crude oil futures, and it is going to lead oil prices to come crashing down. Each week, the CFTC reports on the numbers of long and short positions held by futures traders...

Low QQQ Volume a Sign of a Top

When investors get complacent, they do certain things. They show up as bullish in the various surveys. They bid tiny premiums on options, driving down the VIX. They put all of their cash to work, letting money market fund levels get...

A-D Line New High

When the NYSE’s A-D Line hits a new high, it conveys a clear message that liquidity is plentiful. The market might encounter other types of problems, such as investors’ emotions suddenly swinging, or a big news event rocking the market.

Debt or DJIA: Who Gets to 20* First?

I got to wondering about all of the NYSE traders on CNBC sporting their “Dow 20,000” hats. Hitting that level seems elusive, but they keep them at the ready. Interestingly, if they would do just a tiny bit of embroidery modification...

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