Homepage
Market Commentary
Featured Products
A 4 hour seminar download detailing various volatility trading strategies
The main focus of this 4 hour seminar is not speculation, per se (although there will some discussion of it), but...
Get your autographed copy of the revised edition of the best-selling book on options*
...
Simulate the probability of making money in your stock or option position.
McMillan’s Probability Calculator is low-priced, easy-to-use software designed to estimate the probabilities...
Analysis, Commentary, Education, and Specific Trading Recommendations on a weekly basis
In its 28th year of publication, The Option Strategist newsletter remains...
Daily option picks based on unusual option activity
Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...
Connect with McMillan
Sign up for The Weekly Updater to receive comprehensive stock market insight each Friday for free. Enter your email address below
Upcoming Events
Sep 26 2019
Philadelphia Money Show 2019
Oct 3 2019
Trade Stations Option Stars
Recent Blogs
Aug 23
By Lawrence G. McMillan
The $SPX chart remains bearish. There is support at 2825. There is probably stronger support at 2720-2730, the...
Aug 20
By Lawrence G. McMillan
Episode 4- Discussing Options as a Strategic Investment — With Author Larry McMillan
In today’s episode...
Aug 20
By Lawrence G. McMillan
This article was originally published in ...
By Lawrence G. McMillan
The $SPX chart remains bearish. There is support at 2825. There is probably stronger support at 2720-2730, the area of the March and May lows. As for resistance, the major resistance area remains 2940-2950, which is not only the recent tops, but is also the psychological resistance caused by the fact that the July 2019 activity look like a false upside breakout to new all-time highs.
The equity-only put-call ratios remain on sell signals (Figures 2 and 3).
Market breadth has improved quite a bit over the past week, and both breadth oscillators rolled over to buy signals on August 16th. However, it has been a struggle to maintain these bullish...