Tom McClellan's Contributions

Bad Moon Rising - The Return of Inflation

May 14 – After this week's wrap-up, Financial Sense Newshour welcomes Tom McClellan to get an update on his technical outlook for the market. Next, we speak with Marc Chandler, Chief Market Strategist from Bannockburn Global Forex, to get his view on inflation, deficits, and more...

Tom McClellan on 2021 Energy Trade and Rising Interest Rates

Dec 4 – After this week's market wrap-up, Financial Sense Newshour gets an update from technician Tom McClellan to discuss the stock market, the big energy trade he's predicting for 2021, and more. Next, we speak with Robert Rapier on...

So Far This Is a Normal Election Cycle Correction, Says Tom McClellan

Sep 25 – Financial Sense Newshour gives this week's market wrap and then speaks with Tom McClellan of the McClellan Oscillator on election cycle corrections and to get his outlook on stocks, gold, and oil. Next we speak with Mike McGlone...

Trillions of Cash Waiting on Sidelines Earning Zero Percent, Says Chris Puplava

Jun 12 – Ryan Puplava discusses what moved the markets this week. Tom McClellan gives listeners a technical update on the market. Marc Chandler discusses the dollar and commodities and, lastly, Chris Puplava joins us for our new Smart Macro segment...

Stocks See Their Worst Week Since 2008 - Time to Buy or More Pain to Come?

Feb 28 – Financial Sense Newshour speaks with Tom McClellan on the massive decline in stocks this week and what could happen in the weeks ahead. Next, Ralph McLaughlin at Haus dissects the US housing market and offers...

Gold Heading Higher as Currencies Reset, Says Frank Holmes

Oct 25 – Ryan Puplava talks about what moved the markets. Tom McClellan says that everything is lined-up for a good finish. Frank Holmes talks commodities, and Chris Preitauer and Jim Puplava examine the economy and the markets.

They Met, They Cut, They Confused; Plus, Marc Chandler on Gold and End of Dollar's Run

Aug 2 – Ryan Puplava gives this week's market wrap-up, Tom McClellan says he expects a short-term correction into August, Marc Chandler believes we may be seeing an end to the US dollar's bull run, and Jim and Chris discuss the Fed's first rate cut since 2008...

Stocks Still In a Bullish Mode, Says Tom McClellan

With Chris Preitauer

Mar 1 – It was a mixed week on Wall Street. This week’s technician, Tom McClellan, talks about that volatility. He is bullish and says stocks are going higher. We also have another installment of Smart Macro with Chris Puplava where we look at global LEI’s...

The Supposed Superiority of Common Only A-D Data

By Tom McClellan – I get asked a lot about the supposed problems with the NYSE’s Advance-Decline data, which some analysts claim is “contaminated” by the inclusion of NYSE-listed issues that are not “real stocks”.

Waiting on the Echo of Crude Oil’s Big Drop

By Tom McClellan – 10 years ago in June 2008, oil prices were making a top above $140/barrel, which turned out to be an exhaustive blowoff top. A steep collapse ensued, taking oil prices down to below $40 in January 2009.

What Happened to the Presidential Cycle?

By Tom McClellan – If this were a “normal” 2nd year of a presidential term, we would now be in a corrective period due to last until just before the mid-term elections. But as many in the press have noted, we do not have...

The Fed Is Behind

By Tom McClellan – Make me Emperor for a day, and I would compel the FOMC to outsource interest rate policy to the bond market. Why should we pay 12 experts, most with expensive Ivy League Ph.D. degrees, to do...

Volatility and Interest Rates

By Tom McClellan – Why is the VIX spiking now? Because now is when it is supposed to do that. Volatility and interest rates have an interesting relationship, going back many years. Higher interest rates pull money away...

Stock Market in a Rogue Wave

By Tom McClellan – The stock market is just coming out of a big rogue wave event. And that gives us clues about what lies ahead. The term “rogue wave” gets used in other areas of science, most notably in analysis of big...

Big Change in Bull-Bear Spread

By Tom McClellan – The latest data from Investors Intelligence showed a huge change this week. Bulls dropped from 66% to 54.4%, and bears rose from 12.6% to 15.5%. That means the spread between bulls and bears...

The Chart That Worries Me: HY Bond A-D Line

By Tom McClellan – There is no divergence yet between stock indices and the NYSE’s composite A-D Line. But there is one in the High Yield Bonds A-D Line, and that is an early warning of big trouble to come. High yield bonds...

Architecture Billing Index Shows Continued Growth

By Tom McClellan – The folks at the American Institute of Architects, aia.org, publish an interesting set of data each month, collectively known as the Architecture Billing Index, or ABI. The main ABI represents...

Confidence, and What Comes With It

By Tom McClellan – There is a strong positive feedback mechanism involving consumer sentiment and the economy. As conditions get better, people get more confident, which causes them to spend more, so...

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.

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