When different technical analysis tools all coalesce on one particular price level, this is what we call a "confluence of support." Connie Brown stressed the value of using different technical indicators based on different inputs. When these indicators agree on a particular signal or level, that’s should be a higher conviction signal to consider.
Charting the Great Rotation of 2023
What Is The McClellan Oscillator? | August 2023 Update
The McClellan Oscillator is a market breadth indicator that uses advance-decline data to gauge price momentum. This classic technical analysis technique can help validate what you see on the chart of the S&P 500 or Nasdaq, and this week it generated a key bearish signal! We'll break down the construction of this technical indicator, and talk about downside potential for the SPX given this bearish reversal.
Key Market Breadth Indicator Turns Bearish For QQQ
Will FAANGs Hold Their 50-Day Moving Averages?
Why Use Exponential Moving Averages?
I’ve often found that for me and my process, systematic trading models are more of an input than an output. That is, I’m not a fan of completely outsourcing investment decisions to a model-based approach. However, I do see the value of having a systematic model to use as the foundation for a discretionary process built on technical analysis.
Fibonacci Retracements and Bullish Gold
Improving New Highs Would Validate Further Upside
Three Takes on the Presidential Cycle
This past Monday, I asked three experts on the Presidential Cycle - Bruce Fraser, Jeff Hirsch, and Tom McClellan - to share their take on market trends around the election season. They delivered in a big way, and the result was a masterclass in how to learn from market history.
The Benefits of a Consistent Imperfect Routine
A consistent imperfect routine is way better than an inconsistent perfect routine.
When I've worked with investors that are new to technical analysis, I often find that they spend too much time trying to perfect their analytical approach on a particular chart, and way too little time determining which chart they should be looking at in the first place!