By Lawrence G. McMillanThe stock market continues to be range-bound. $SPX is still solidly between support at 7580-7620 and resistance at 7780-7820. Those are the two red horizontal lines on the...
By Lawrence G. McMillanIt is said that a bull market climbs a Wall of Worry. In the modern context, this statement remains true of course, but also encompasses $VIX. In the past weeks, we have...
By Lawrence G. McMillanThis market continues to be one with a huge split between the technical indicators. The market internals (breadth, put-call ratios, New Highs vs. New Lows) remain in terrible...
By Lawrence G. McMillanThis past week saw further deterioration -- by the $SPX Index as well as the internal indicators. $SPX sold off, but then tried to snap back with a big rally on Thursday, but...
By Lawrence G. McMillanWe’re excited to introduce McMillan Morning Market Commentary, a new subscription designed to give traders and investors a concise look at the broad stock market and our...
By Lawrence G. McMillanAs we’ve been commenting for a couple of months now, “everyone” is expecting a rise in $VIX. In classic stock market contrarian fashion, $VIX has steadfastly remained at...
By Lawrence G. McMillanStocks continue to slip after having made new all-time highs on August 14th. The 7600 support level for $SPX has now come under attack, and it was briefly violated yesterday....