While the broad market gets bought, then sold…then bought…then sold, many investors and traders are having trouble finding areas to hideout. Meanwhile, contributors at The Chart Report have been prudent in pointing out a few areas to accomplish this, namely Utilities and Restaurants. However, there’s another interesting subset of the market that we want to bring […]
Ian McMillan
Ian McMillan is a Chartered Market Technician (CMT) based out of Washington DC. He graduated from the University of South Carolina in 2010 where he majored in Finance. After that, Ian pursued his MBA at The Citadel, with a concentration in Asset Allocation. Following his graduate studies and internships, Ian entered the RIA industry and began his work as an analyst at WCM Global Wealth in Greenville, SC. Knowing that this was his passion, he decided to move to a larger financial arena and headed to the Northern Virginia area to expand his career. Ian has been in the wealth management space for 9 years, working with HNW clients at firms ranging from $40 million to over $700 million in AUM. Ian has experience with both passive and active/tactical strategies, but in 2015 he decided to make technical analysis his career niche. Implementing a "top-down" approach, Ian works mainly with intermediate- and long-term time frames, with a deep concentration of Relative Strength among sectors, sub-industries, and individual stocks.
Taking Cover in Utilities
While the market has seen many components hit pretty hard in the last few sessions, there remains one sector that seems to have been able to weather the storm: Utilities ($XLU). As market participants leave “risk-on” sectors such as Technology ($XLK) and Consumer Discretionary ($XLY), we are seeing a flight to safety towards more defensive […]
What is Volatility Telling Us?
For most of the year, volatility, typically monitored via the CBOE Volatility Index ($VIX), has been pretty stable. After reaching a peak of 36 in late December, the index has seen a steady decline back to levels that typically translate to healthy equity markets. However, over the last week or so, we have seen the […]
What’s In-Store for Small Caps?
There has been much debate over where Small-Cap equities will go next. The Russell 2000 is currently hovering around resistance at the 1590 level. Performance wise, it has been a ‘tale of two halves’ for Small-Caps so far this year. Through the first two months of the year, $IWM outpaced the other three major US […]
Dollar Perking Up
One asset class that seems to have garnered quite a bit of attention lately isn’t equities or fixed income, but currencies, and in particular the US Dollar ($USD). Is the domestic currently finally ready to move higher after being range-bound for the last nine months? Last week, J.C. Parets of All Star Charts posed the […]
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