Surprisingly Good

Surprisingly Good

  We’ve received some good news about the state of the economy recently. For example, the nonfarm payrolls report for January revealed that the U.S. economy added 517,000 net new jobs last month. This was way higher than the expected 185,000 jobs. And on top of...
McClellan Summation Index

McClellan Summation Index

  Sometimes the stock market is quiet, and there isn’t a whole lot of price movement in either direction. But other times, the market gets excited and surges powerfully in a particular direction. We call this sharp shift in sentiment a “thrust.” One of our...
Big Mo

Big Mo

  Big Mo, or “Big Momentum,” is an indicator we use to measure the trend and momentum of the stock market. It’s one of the best tools around for measuring the technical health of the broader equity market. It does this by combining over 100 component indicators...
Trendsetter

Trendsetter

  For this week’s featured indicator, I’d like to revisit a tool we use to measure the long-term “trend” or direction of the stock market. It’s called a deviation-from-trend indicator. It gets this name because it looks at how the stock market is trending over...
Talking to the Manager

Talking to the Manager

  For this week’s featured indicator, we explore the Purchasing Managers’ Index (PMI) and how it can be used to determine trends in the stock market. But first, what is the Purchasing Managers’ Index? Essentially, it’s a measure of the strength of the economy....