Tom McClellan and Sarah Potter are our guests for this episode. After a historic week for markets, a fresh perspective on hedging risk, market indicators and what to look for in a meaningful bottom are our topics of discussion.
We also focus in on why the CoronaVirus may continue to be a problem for markets (and the economy) for a while to come.
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Sarah Potter of YouCanTrade is an experienced options trader and educator. She began trading part-time as a way to make more money to buy the extras she wanted. Her desire to trade for a living grew as she began loving the challenges of the markets and wanted to break free from the nine-to-five work week. As a self-taught trader, she understands what it is like and what is required to move from part-time to full-time trading.
Sarah combines the experience she has acquired as a self-directed trader with her Master of Education degree to teach and empower others. Her work has been featured on many media outlets, including CNBC, BNN, Yahoo Finance, Forbes, and more. She is the author of the internationally published book, How You Can Trade Like A Pro: Breaking into Stocks, Options, Futures and ETFs.
Tom McClellan is a graduate of the U.S. Military Academy at West Point where he studied aerospace engineering, and he served as an Army helicopter pilot for 11 years. He began his own study of market technical analysis while still in the Army, and discovered ways to expand the use of his parents‘ indicators to forecast future market turning points. Tom views the movements of prices in the financial market through the eyes of an engineer, which allows him to focus on what the data really say rather than interpreting events according to the same “conventional wisdom” used by other analysts. In 1993, he left the Army to join his father in pursuing a new career doing this type of analysis. Tom and Sherman spent the next 2 years refining their analysis techniques and laying groundwork.
In April 1995 they launched their newsletter, The McClellan Market Report, an 8 page report covering the stock, bond, and gold markets, which is published twice a month. They utilize the unique indicators they have developed to present their view of the market‘s structure as well as their forecasts for future trend direction and the timing of turning points. A Daily Edition was added in February 1998 to give subscribers daily updates on their indicators and also provide market position indications for stocks, bonds and gold. Their subscribers range from individual investors to professional fund managers. Tom serves as editor of both publications, and runs the newsletter business from its location in Lakewood, WA.
The signup link is http://mcoscillator.com
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eNVESTOLOGY Info and Webinar Replay
Friday Pre-Market Run-Down Webinar Registration
Stocks mentioned in this episode: (ZM), (CCL), (RCL), (JETS), (MMM), (GRUB)
Podcast: Play in new window | Download (Duration: 1:01:46 — 57.0MB)
