Tom Scollon

Tom Scollon image
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.

Latest Posts

Tired Markets

1 Sep, 2020
We have seen a number of ABC patterns over the last few weeks and now we see a wave five high in the making...

Aussie to Climb Higher?

10 Aug, 2020
This cauldron is like a thick broth at the moment rather than a hospital style clear broth. And this is creating uncertainty...

You Are Keeping Your Powder Dry

3 Aug, 2020
Is this the beginning of a long-term disruption of supplies from China as business and government rethink vulnerability and thus supply lines?

Banks Want to Pop

20 Jul, 2020
there are many shareholders who would like to tighten their holdings in the sector and as soon as the price looks half decent the sellers will come in droves...

Blind Leading the Blind

13 Jul, 2020
I don’t sit at my bay window looking out for Armageddon, but I sort of do plan for...

Oz Market in Neutral

22 Jun, 2020
Range trading markets can be very handy in that they are drawing breath and investors can do likewise – pause from the frenetic pace.

Beware Exuberance   

1 Jun, 2020
Success is not about being right or wrong in a particular moment, but rather picking and backing a trend which makes you money.

Top 20 Looking Ordinary

11 May, 2020
Having had a strong run since mid-March there is no compelling news to cause a strong move higher from here...

Banks Are Not Bargains

5 May, 2020
if we look at the monthly XFJ the sector could get back to levels most of you will not have experienced in your lifetime...

Some Critical Days Ahead

20 Apr, 2020
The question on most people’s mind is what is real - these days in more ways than one...
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