MOMENTUM STRUCTURAL ANALYSIS
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2024
I am an advisor with the largest global private bank, having started my career as a “stockbroker” with E.F. Hutton in 1986, so I now have almost 40 years in the investment business.  I regret only that I have been a subscriber of MSA for just a few years.  Had I known about MSA twenty-five years ago I would have saved myself so much trouble, not to mention millions in money.  Your decades of experience and unique, meticulous, momentum-based technical work—always presented in a broad and historically-informed context—are the reasons for the unqualified confidence I have in MSA’s analysis.  In my opinion, MSA provides the finest technical market analysis available at any price.

-DSP, Naples, FL
Not apropos of this latest piece necessarily, but I would like to thank you for your outstanding work across multiple asset classes. I’m particularly grateful for the long term focus that allows us to get into position and maintain position prudently. As you say, without “swing calls every other week or month”. It is so amusing to see frustrated Twitter comments that a call was “wrong” because it “hasn’t worked” for a month!
 
It’s remarkable how your work has stood up even with the ongoing casinofication of our markets.
 
I’ve been an analyst for 30 years now and I sure wish I had discovered your work earlier!
 
Sincerely,
 
-R.D. (Manager of ~$5 B in global tech stocks)

2019
Happy New Year to you and your staff!  I wish you all the best!
I cannot say enough good things about your services.  All of the purchases that I have made this year based on your recommendations have been successful.  Another positive side effect: I am no longer terrified that I am going to lose all of my retirement funds.  The buy/sell information and information about the economy and markets that MSA provides has been a plus for me emotionally.  I feel much more confident about my investments.

-J.C.

Thank you so much Mr. Oliver!  You have so killed this and I sure hope everyone knows how incredibly right on you continue to be!
If you ever get to Austin, Texas, I would love to take you to the best steak and seafood place in town to thank you!

-D.H.

2016
"A friend shared about 5 of your recent letters with me, and I was so impressed I had to subscribe."

-Bill Fleckenstein, well known Market Analyst, Financial Author, and Hedge Fund Manager

"I have found Michael Oliver's MSA research to be extremely valuable.  His Momentum Structural Analysis methodology and his many years of experience using it combine to make this a unique technical research service.  He has been accurate and timely over a broad range of asset classes for many years.  His S&P call at the beginning of this year was outstanding (and profitable)."

-Gary Schlarbaum,PhD CFA

"For most people who are of a fundamental ilk as I am, not only might we miss the train as it moves out of the station but it is extremely tiring and distractive. I think your ability to discern the major turns and major crucial and secular runs is why I find you of so much value.  We have not seen a technical analyst that has been more reliable than you."

- Jay Taylor, host of "Turning Hard Times into Good Times" Financial Program

In a letter to head of St. Louis Fed, 2000: "The Fed does not intentionally target commodity prices, but the enclosed report on the CRB (arguing major upturn in commodities) should be taken seriously. I have worked with Mike Oliver, the author of this report for 25 years and have found him to be one of the most competent technicians in America."

- A.B., CEO of Brokerage Firm, Missouri 

"You have really nailed the selloff this year. Really like your thought process and your updates."

-S.B. President of Asset Management Firm, California


"Great stuff, Michael!"

-S.B., President of an Asset Advisory Firm, Virginia 


"I've been extremely impressed by the quality of your work and wish I would have come across it earlier. If you are ever in Chicago we'd love to set something up to get you over to the office or take you out to lunch."

-A.Z., Proprietary Trading Firm, Illinois 


"Thanks so much for your wonderful work. It is much appreciated."

-A.S., Medical Professional, Personal Investor, Toronto, Canada 

"Thank you for the good work you create and the tireless effort you put in. I really appreciate it."
 
- D.M. Asset Manager, South Africa
2015

"With the markets in such flux, your opinions are very important and respected. Thanks so much for all your timely and scholarly analyses."

-B. M., Partner  of a Asset Management Firm, Kentucky


2014
"I strongly endorse Momentum Structural Analysis (MSA) offered by Michael Oliver. My firm has utilized his services for over 20 years. His approach to technical analysis is completely unique in that rather than use traditional moving averages with support and resistance he analyzes the underlying structure of a security or market. This work tends to serve as an early indicator of change. He has also been very helpful at customized request."

-R.T. President of Asset Management Firm, Pennsylvania

2007

"Thanks for the long talk. You are brilliant. Stock market is the toughest of all!"

-Alex Speyer Jr, 52 Year Member of NYSE
2001

"You have done a great job navigating this very treacherous market. I appreciate your insights. The analysis has caused me to think out of the box on many investments. You also have given me confidence to make investments for my family."

-J.C., Director of Private Client Services, Major N.Y.C. Brokerage Firm

1987
"Many thanks for your letter and the work you have done on the stock market. It was very professional and certainly called the start of the decline in the stock market."

-David Johnston, New York, former head (1970s-1980s) of E.F. Hutton's International Commodity Div., Chairman of the COMEX and Co-founder of the National Futures Association. (Michael Oliver, of MSA, was intern under David Johnston from 1975-1976)

Major evolution in technical research since 1992.

Copyright © 2026 Momentum Structural Analysis, LLC. All rights reserved.


Disclosure: There is risk in trading in equity, futures, options and ETF markets. Momentum Structural Analysis, LLC is not an investment advisor or a commodity trading advisor. MSA reports are based upon information gathered from various sources and believed to be reliable, but are not guaranteed as to accuracy and completeness. The information in this report is not intended to be, and shall not constitute, an offer to sell or a solicitation of an offer to buy any security, futures contract, option or ETF or investment product or service.

Trading in any market carries risk. Moreover, the risk of loss in trading in futures, options or ETFs sometimes can be substantial, and you should consult with your financial advisors and carefully consider whether such trading is suitable for you in light of your financial condition. The leverage available to individuals trading stocks, futures, options or ETFs can enhance that risk, and can lead to large losses. Past performance of any product discussed herein is not necessarily indicative of future performance.

You should be aware that securities and futures brokers and advisors typically charge fees for their services. Accordingly, it may be necessary for your account to enjoy substantial gains in order to realize profits net of fees.

The information contained in this report is subject to change without notice. It should not be assumed that MSA’s methods as presented will be profitable or that they will not result in losses. The indicators and strategies are provided for informational and educational purposes only and should not be construed as investment or trading advice. Accordingly, you should not rely solely on the information herein in placing any trades or making any investment. Nor should you assume that you will be able to enter or exit markets at prices discussed in this report. This risk disclosure statement cannot disclose all the risks and important issues regarding trading equities, futures, options or ETF markets. You should always consult with your licensed financial advisor or other trading or financial professional to determine the suitability of any trades or investments discussed here.
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