By Lawrence G. McMillanFor quite some time, $SPX (and other capitalization-weighted indices) have been supported by the strong performance of the Magnificent 7 (AAPL, AMZN, GOOGL, META, MSFT, NVDA,...
By Lawrence G. McMillanThe market as measured by $SPX continues to trade in a narrow range between roughly 7600 and 7800. A clear breakout of that range would generate a momentum trade. Considering...
By Lawrence G. McMillanThe Cboe (followed by other exchanges) has extended the trading hours for certain stocks and ETFs. This has already taken place, although not every option trading platform has...
By Lawrence G. McMillanAs time drags on, $SPX continues to trade within the trading range that has lasted since late July. This is marked in figure 1 by the box on the upper right. The current box...
By Lawrence G. McMillanAfter a slightly worse-than-expected CPI reading this week, the market finally made a move with some gusto. $SPX fell about 1.1% the day after that, with the Dow ($DJX) doing...
By Lawrence G. McMillanWe're excited to introduce the newly redesigned The Daily Strategist, McMillan Analysis Corp.'s premium options advisory service.We've streamlined the format to make it easier...
By Lawrence G. McMillanThings seemed so promising on Tuesday, when $SPX traded at new all-time intraday and closing highs. But almost immediately after the market closed that day, selling set in....