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Sep 28
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on Monday, September 28th, 2020....
Sep 25
By Lawrence G. McMillan
The market is in a stair-step pattern lower. This is a relatively orderly decline, compared to the "smashes," if...
Sep 21
By Lawrence G. McMillan
This article was originally published in ...
By Lawrence G. McMillan
The market is in a stair-step pattern lower. This is a relatively orderly decline, compared to the "smashes," if not "crashes," of Feb 2018, Oct 2018, Dec 2018 and March 2020. But the bears are in charge now that the 3280 level has been broken.
Below here, there might be support at 3150 and then at the still-rising 200-day moving average, at 3100. The 3310-3330 area and then 3425 above are the important resistance levels at this time. Equity-only put-call ratios (Figures 2 and 3) remain solidly on sell signals, at they continue to rise out of massive, multi-year overbought conditions that had existed at the beginning of September.
Market...