Market Timing and Technical Analysis by Tom McClellan
Tom McClellan is the publisher of the McClellan Market Report and co-creator of the McClellan Oscillator, a leading indicator used to gauge internal market momentum. His breadth-based methodologies have been in use for over three decades and adapted by retail and institutional traders across asset classes. In 2025, McClellan released calibrated versions of the Oscillator for Bitcoin, Ethereum, and Solana using adjusted advance-decline formulas. These tools now power technical dashboards on TradingView and CoinGlass, providing entry and exit cues for short-term crypto traders.
A consistent contributor to financial media, McClellan also lectures on seasonality and market breadth at national trading expos. His newsletter reports reach 15,000 subscribers monthly, including crypto hedge funds integrating traditional models into token analysis.
By extending breadth indicators into decentralized markets, McClellan retools legacy metrics for blockchain-native applications.
Tom McClellan: Pessimistic earnings outlooks create better buying opportunities in SP500
Tom McClellan compares analyst sentiment on future earnings growth to SP500 price trends. He emphasizes that investors are better off buying when analysts are highly pessimistic about future ...
Gold leads yields by nearly two years, Tom McClellan notes
Tom McClellan highlights his latest article examining gold’s 20 and a half month leading indication for yields. The article, titled 'Gold’s 20-1/2 Month Leading Indication for Yields,' is ...
Tom McClellan: Ratio-Adjusted Summation Index signals weak momentum after March 30 low
Tom McClellan highlights that the Ratio-Adjusted Summation Index (RASI) has failed to rise above the 500 level, indicating that the recent market rebound off the March 30 low may lack sufficient ...
Quiet market’s impact analyzed, Tom McClellan discusses
Tom McClellan recorded an interview last week with Andrew Horowitz to discuss what a quiet market means. The conversation focused on market conditions and their potential ...
Tom McClellan: U.S. spending patterns have shifted from food to other categories
Tom McClellan references historical U.S. data on Personal Consumption Expenditures to highlight changes in consumer behavior. He observes that Americans once allocated a larger portion of their ...
Gains took place on Friday, Tom McClellan notes
Tom McClellan clarifies that recent market gains occurred on Friday, during a period when the NYSE was closed but futures were still trading. He stresses that these gains are not the result of ...
Tom McClellan: Aditxt classified as penny stock with 5 billion shares traded
Tom McClellan points to Nasdaq data showing Aditxt as a clear example of a penny stock, with 5 billion shares traded. He also comments on the unusually large trading volume, referencing the ...
CPI inflation cycles average 5.31 years, Tom McClellan notes
Tom McClellan points out that meaningful bottoms in the Consumer Price Index (CPI) inflation rate tend to occur approximately every 5.31 years on average. He adds that while current market ...
Tom McClellan: Market correction driven by bearish seasonality and RASI +500 failure
Tom McClellan points to two primary reasons for the current market correction. He identifies a shift toward bearish seasonality, particularly in the second year of a presidential term, as one ...
Long-term mortgage rates respond to global temperature trends, Tom McClellan notes
Tom McClellan argues that long-term mortgage rates, including other interest rates, are influenced more by global average temperatures from five years prior than by the administration in the White ...
Tom McClellan: Large net long positions drive Bitcoin futures breakout
Tom McClellan observes that non-commercial traders now hold a significant net long position in Bitcoin futures, following a breakout rally above the downtrend line. He notes that prices have ...
Retiring boomers broke economic relationship, Tom McClellan notes
Tom McClellan has published a new article titled "Retiring Boomers Broke This Economic Relationship" on his home page. The article is referenced in his latest tweet, with a direct link to follow ...
Tom McClellan: NDX component stock drawdowns worsening is unhealthy
Tom McClellan raises concerns about the deepening drawdowns of NDX component stocks. He describes the trend as an unhealthy development in the ...
Bond market is replicating gold trends from nearly two years ago, Tom McClellan notes
Tom McClellan observes that current bond market behavior is reflecting patterns seen in gold prices approximately 20 and a half months earlier. He highlights the longstanding relationship between ...
Tom McClellan: Hindenburg Omen signal not met due to $NYA level
Tom McClellan clarifies that reports of a Hindenburg Omen signal being generated today are incorrect. He explains that while both new highs (NH) and new lows (NL) exceeded the necessary ...
Inflation and sunspot cycles align on CPI lows, Tom McClellan notes
Tom McClellan, industry influencer, observes that the current rise in inflation is due to higher oil and gasoline prices, but also occurs in line with predictable patterns. According to ...
Tom McClellan: Nasdaq 100 rally sees fewer stocks above 100-day averages
Tom McClellan, industry influencer, observes that although the Nasdaq 100 has posted impressive gains, participation among its component stocks is declining. He points out that the number of ...
Non-commercials take key role in Bitcoin futures market, Tom McClellan notes
Tom McClellan, industry influencer, analyzes a shift in the Bitcoin futures market. He points out that, unlike in late 2025, non-commercial traders are now net long in significant fashion. He ...
Tom McClellan: NDX average drawdown near 30-year level
Tom McClellan, industry influencer, highlights that the current average drawdown for NDX stocks is 19.5 percent, which he characterizes as very normal and close to the 30-year average. He adds ...
Stock market performance linked to savings rate changes, Tom McClellan notes
Tom McClellan, industry influencer, suggests that a declining savings rate is typically a positive signal for the stock market. He observes that periods when the savings rate increases tend to ...
And Investors Intelligence: SP500 trend closely follows investor sentiment data
And Investors Intelligence, industry influencer, observes a notable correlation between Investors Intelligence sentiment readings and a detrended chart of the SP500. The influencer points out ...
