Who We Are
Market Harmonics (owned & operated by T. Carrion & Co., LLC) was founded by analyst and market forecaster Tony Carrión in 2000 as a decision support and investment research service for active traders and investors.  Market Harmonics has provided research and forecasting services for individual and institutional users worldwide through on-demand market reports, publications, and consulting.  The broad spectrum of market research has included equities, currencies and commodities.  Market Harmonics’ research and commentaries have been featured in Business Week Online.  


"I wanted to let you know how impressed I am at your website and the information you provide."
Tom Karol, Director
The Center for Investors' Confidence

"Market Harmonics has the most thorough
 and insightful charts on the web."
Carol Vinzant, Editor
Business Week Stock Trader

When Fundamentals Alone
Are Not Enough – Market Harmonics

Research Approach
Because we believe investor sentiment is what truly drives price movement, we are specialists in analyzing and tracking investor behavioral trends.  We take a technical approach in our analysis, utilizing a combination of probabilistic fractal models derived from Elliott Wave analysis and sentiment measures we’ve developed to forecast trend continuity, specific price targets – and perhaps most importantly –  probable points of trend reversal. 

These methods can be applied to individual stocks, industry sectors and indices, as well as alternative markets like commodities and currencies.  In the commodities area, our primary focus is precious metals and energies.  In equities, we have covered both U.S. domestic and international markets.  In currencies, we closely monitor "the majors – US Dollar, Euro, Japanese Yen, British Pound, Canadian Dollar and Australian Dollar.  Through our currency brokerage MHFX, we can directly monitor, manage and assist in forex trading.  For individual companies, our technical analysis is applied in tandem with traditional valuation models.

How Our Services Can Help You
Through our specialized technical analysis, we can complement any existing research your firm may be utilizing, offering diversity in your critical investment decision-making.  Clients find our technical approach especially valuable during periods of high market volatility, when fundamentals alone may not provide the answers you need in assessing necessary strategic changes to your portfolio.  Research and consulting services include:

* Individual Reports – As desired, these can cover individual issues, sectors & markets, commodities and currencies (click here to see a sample in PDF format).

* Portfolio Assessment & Asset Allocation Review – We take a “portfolio-centric” approach in reviewing your holdings as an aid in determining whether current allocations are serving your overall performance objectives.  We can also assist in recovering “distressed portfolios” that have incurred losses (click here to see a sample in PDF format).

Depending on your needs, we can prescribe various short and intermediate term strategies that may involve a combination of Exchange Traded Funds (ETFs) in traditional and alternative markets, as well as the use of options where appropriate.  Our techniques can be used for tactical asset allocation and market timing.  If desired, we can actively monitor your portfolio and market conditions for emerging opportunities.

* Alternative Markets – We are expert in currency trading and select commodities (energies, gold and silver) and offer a range of services that include analysis, hedging strategies, tactical allocation, and direct management of forex accounts and physical metal holdings.   We currently offer an affiliated service, MHFX, with GAIN Capital to directly monitor, manage and assist in forex trading (click to learn more about MHFX).  Through our commercial services relationship with FideliTrade, an Exchange-licensed, CFTC-approved precious metals depository, we are able to assist you in the management of physical metals holdings.

Senior Research Analyst
An Elliott Wave specialist and technical analyst, Tony Carrión studied economics at Columbia University, and has directed his research activities in the area of behavioral finance and alternative investments.  His numerous proprietary technical indicators are accessed each day by users worldwide.  In 2005, he created the Unweighted Major Currency Average (UMCA) as a tool in forecasting U.S. dollar movements against the world’s major currencies.  Tony has served as a guest panelist at the Arch Investment and Triple Gold conferences, providing his forecasts on the markets, and is a member of the Global Association of Risk Professionals.  Since 1989, he has also served as a private business consultant to investment bankers, capital sourcing firms and individual companies.  

Contact Us
We look forward to hearing from you.  Please email us to discuss your needs.