Thoughtful Money with Adam Taggart · Thursday, September 17, 2026
Tom McClellan advises investors to monitor specific indicators for signs of a market upturn. He suggests looking for days with a high put-call ratio, a high VIX, and developing breadth divergences, particularly in momentum.
“So, um, along the way, as we muddle through this, what you want to look for is you want to look for a day with a high put call ratio, you want to see a nice high VIX.”
“If, you know, if I can ask for everything I want, uh, you want to see breath divergencess, starting, especially breath momentum divergencess.”
“So we look for a higher low in the McClellan Oscillator to say, okay, we're getting the conditions that's time to get on board to climb this.”