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....
The Price of Opportunity

The Price of Opportunity

  As investors, we’re constantly looking for ways to maximize our returns while minimizing risk. This often means we’re making an allocation decision between a safe investment, like bonds, and a riskier investment, like stocks. To understand why one would choose...
The Past and the Future

The Past and the Future

  There are many ways to measure the valuation of something like the stock market. Some people like to look at past earnings; others look at future expected earnings. There is no “right” answer here. As they say, valuation is in the eye of the beholder. But we’ve...