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Recent Blogs
May 21
By Lawrence G. McMillan
Larry McMillan was recently interviewed by host Anthony Crudele for the Futures Radio Show. Larry discussed...
May 21
By Lawrence G. McMillan
The following table is a summary of the results, by strategy, showing the number of positions recommended in that...
May 17
By Lawrence G. McMillan
$SPX bounced off of strong support at 2800 on Tuesday, and then fell back from resistance at 2890-2900 on Thursday...
By Lawrence G. McMillan
$SPX bounced off of strong support at 2800 on Tuesday, and then fell back from resistance at 2890-2900 on Thursday, so for now $SPX is in trading range between 2800 and 2900 (roughly). I don't expect that range to last long, and a breakout either way is probably going to gather momentum quickly.
Perhaps the most bearish indicators in our arsenal at the current time are the equity-only put-call ratios (Figures 2 and 3). Put volume has been heavy all week, despite the 90-point rally off the 2800 level. As a result, these ratios are racing higher, and that is bearish for stocks.
Market breadth has jumped around madly. When the market sold off,...