Tom  Scollon
From farmer to high school teacher to successful investor and financial advisor, Tom Scollon's career path has been diverse. Yet this interesting mix has resulted in far-reaching experience in a range of industries and enabled him to enjoy unmitigated success trading the markets. He has invested successfully on the Australian stockmarket for more than 20 years trading equities, options and other financial instruments using technical analysis techniques to determine trends and chart market movements. Tom believes that studying simple trends such as price and volume can reveal much about a stock’s prospects. He uses technical indicators such as “On Balance Volume”, “Bollinger Bands” and “Elliott Wave” to predict where the market might head next. He is a great teacher and in his articles he translates his views into easy-to-understand concepts for all levels of traders, and has thus developed a strong following over the years.
tom's Posts
Posted on May 18, 2012 Last Updated May 18, 2012 Posted by Tom
Tom Scollon Everything off to the Cleaners

Yes, it’s time for a spring clean – after all, it is the northern spring.

But this current market easing has little to do with the European crisis – it really is just because markets were getting ahead of themselves – as Greenspan once said ‘irrational exuberance.”

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Posted on May 11, 2012 Last Updated May 11, 2012 Posted by Tom
Tom Scollon Anybody have a clue?

Does anybody out there have a clue about what is going on?

Last week as I was writing, markets were going gangbusters and I had to step in and caution about a retreat and sure it came sooner than later and all the optimism of last week turned sour. They blamed it on elections in Europe and the Greek buccaneers wanting to tear up the EU bail out deal. Was that really what caused the easing of the last few days? Nope. Markets are just at a midterm high.

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Posted on May 04, 2012 Last Updated May 04, 2012 Posted by Tom
Tom Scollon Great run but…

We are nearing a high – and maybe it is time to think about reviewing your positions. All of this depends on when you bought, your view of the weeks and months ahead and many other factors.

I am not saying the market is going to fall out of the sky but I am not going to rule out a decent pullback. I am going to wait and see and then form a view as I have a little time. But I will aim to do this ahead of time and not after the event.

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Posted on Apr 27, 2012 Last Updated Apr 27, 2012 Posted by Tom
Tom Scollon Clear as mud

Sometimes when you look deep into market action what you see is mud – no clarity. But sometimes it does not matter and this is a point in time. I say it matters little now as markets have run hard for the last few months – despite the strong head winds of European bail out issues etc – and they are not far off a mid-term high.

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Posted on Apr 20, 2012 Last Updated Apr 20, 2012 Posted by Tom
Tom Scollon The Copper Barometer

Copper is a great world economic activity barometer although perhaps we should narrow that down to ‘emerging’ nation barometer, as now they are the big consumers of copper.

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