Tom McClellan

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Tom McClellan

Tom McClellan

@McClellanOsc

Technical Analyst - Editor of The McClellan Market Report. Trying to figure out stock market physics, and to leave my campsite cleaner than how I found it.

Katılım Şubat 2010
285 Takip Edilen147.7K Takipçiler
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Tom McClellan
Tom McClellan@McClellanOsc·
"Everyone times the market. Some people buy when they have money, and sell when they need money, while others use methods that are more sophisticated." - - Marian McClellan (1934-2003), co-creator of the McClellan Oscillator and Summation Index twitter.com/JDMMIG/status/…
Joe David Myers - OJinAZ@JDMMIG

@McClellanOsc Can you share the quote of your mother that you gave on the StockCharts.com Marketwatchers webinar. Thanks

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Tom McClellan
Tom McClellan@McClellanOsc·
Here is what the data look like on the famous Nenana ice breakup. There was a big change to earlier breakups in the 1980s to 1990s, not much change since then. Numbers reflect the day of the year. Black dashed line is provisional for 2026 so far.
Tom McClellan tweet media
Tom Nelson@TomANelson

Fastest Warming Place on Earth update: In 1917, during the peak of the silent movie era, in the first year of Alaska's Nenana Ice Classic, the ice went out on April 30. During the 109 years since then, the Earth has warmed so incredibly rapidly that the ice still isn't out right now on May 3, 2026.

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Tom McClellan
Tom McClellan@McClellanOsc·
@rashymagoo April contracts expired in that week's data. That's part of the normal noise in OI data.
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Rashymagoo
Rashymagoo@rashymagoo·
@McClellanOsc Fair point on the longer-term view I’m focused on the recent change — OI rolling over while price pushes higher That looks more like positions closing than new participation We’ll see how it plays out
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Tom McClellan
Tom McClellan@McClellanOsc·
@rashymagoo Here is a longer term look at Bitcoin larger contract futures only (not including options) open interest. You can see that it generally rises and falls with prices. Not much other than noise thus far in 2026, which fits what prices have been doing.
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Rashymagoo
Rashymagoo@rashymagoo·
@McClellanOsc Respectfully, $btc bitcoin COT data Looking at one contract misses the bigger picture OI is down across CME micro, perps, and Coinbase That’s not new positioning, that’s risk coming off Without broad OI expansion, this isn’t a strong move
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Tom McClellan
Tom McClellan@McClellanOsc·
@rashymagoo I think you have bad data. COT Report shows OI at 21,692 last week for the big BTC contract. And you need to differentiate which specs you are talking about.
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Rashymagoo
Rashymagoo@rashymagoo·
@McClellanOsc Specs are net long $BTC But OI just dropped -3,400 contracts That’s not new positioning that’s positions closing Even bigger: 4 traders control 67% of longs That’s not broad demand That’s concentrated risk Without OI expansion, this move has no real fuel
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Tom McClellan
Tom McClellan@McClellanOsc·
@ChrisHairel Bigger point is that when journalists think that water vapor constitutes "no emissions", you can probably draw some conclusions about the veracity of everything else in the article.
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Chris Hairel
Chris Hairel@ChrisHairel·
@McClellanOsc Current hydrogen pathways require at least 3-4x more energy to produce usable H2 than what’s contained in the fuel. If it’s green H2 the required installed solar capacity is more like 16x. Negative energy ROI… hard to see the economics working on this.
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Walter Deemer
Walter Deemer@WalterDeemer·
They had karaoke here at Sandhill Cove last night before dinner. I did "Tequila." (Really...)
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Tom McClellan
Tom McClellan@McClellanOsc·
@JohannSmidth And water vapor accounts for 89-92% of the greenhouse effect, hence my point about "emissions". Try to keep up.
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Rho Calculi
Rho Calculi@JohannSmidth·
@McClellanOsc The primary, and often only, byproduct of burning pure hydrogen with oxygen is water vapor. Hydrogen contains no carbon, it produces zero carbon dioxide emissions. When burned in high-temperature air, it can produce nitrogen oxides, hydrogen fuel cells produce only water and heat
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Tom McClellan
Tom McClellan@McClellanOsc·
@EconAtState Why is El Salvador so critical of us? Or did you really mean "crucial"? Learn to write posts in English according to what words actually mean.
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State Department Economic Affairs
State Department Economic Affairs@EconAtState·
El Salvador is a critical partner of the United States in the Western Hemisphere. President Bukele’s law-and-order miracle has not only brought freedom and safety for the Salvadoran people, it’s creating one of the best investment climates in the entire region. Our foreign policy interest is for U.S. businesses to participate in and help power El Salvador’s renaissance. Yesterday, Assistant Secretary Orr spoke to a group of over 75 American firms considering investments in El Salvador that will bring prosperity to both our countries.
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Dr. Gene Lingerfelt 🙏🇺🇸
Dr. Gene Lingerfelt 🙏🇺🇸@GeneLingerfelt·
Hey @McClellanOsc, it’s beyond my charting skills, but wouldn’t this monthly chart over the same years look like an inverted chart of the value of the dollar? (In other words, Isn’t the growth of the stock market partially tied to the destruction of our money?)
Peter Grandich@PeterGrandich

We are now in the parabolic, melt-up phase. Where and when it peaks is anyone's guess. It's also the exit phase, not enter. Just remember, it's better to be a year too early, than a day too late.

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Tom McClellan
Tom McClellan@McClellanOsc·
@KellyHarrelson5 Again, that is a strange way to see it. This is a very normal condition, even at new price highs, because stocks don't all make their own new highs at the same time.
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KDH
KDH@KellyHarrelson5·
@McClellanOsc The average stock in the Nasdaq 100 is currently sitting 19.5% below its individual 52-week high. This market is being carried on the backs of a handful of companies.
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Tom McClellan
Tom McClellan@McClellanOsc·
This phenomenon is actually very normal. For NDX stocks the current average (not median) drawdown is 19.5%, which is close to the 30-year average. Stocks each make their own highs at different times.
Tom McClellan tweet media
José Luis Cárpatos@carpatos

Muy curioso

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Tom McClellan
Tom McClellan@McClellanOsc·
@KellyHarrelson5 That is a strange way to describe it. Stocks, including components of an index, do different things from each other. They do not always correlate perfectly to the index.
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KDH
KDH@KellyHarrelson5·
@McClellanOsc Investors see the black line going up and feel safe. In reality, the "average" experience of holding an individual Nasdaq stock involves a constant 20% correction.
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Tom McClellan
Tom McClellan@McClellanOsc·
@cherksonx Given that the savings rate data are lagged, there is no "trading" edge. There is an benefit to understanding what it means, though.
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Keşfet

@FredWoodard19 @rashymagoo @ChrisHairel @WalterDeemer @JohannSmidth @EconAtState @elonmusk @BarackObama