Guest: Tom McClellan provides us some insight into the cycles that
are now in play for the markets. What does the McClellan oscillator say
about current conditions and what is the 13 1/2 month cycle for gold all
about? The potential fallout over the budget debt ceiling as well as a
few stocks such as Tesla (TSLA) , HomeAway (AWAY)and more…
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Tom McClellan
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 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.
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