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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...
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Join Larry McMillan as he discusses the current state of the stock market on September 18, 2023.
...The week after September expiration (i.e., the week after the third Friday of September) is historically a very...
The market is still struggling to find direction, as it remains mired in a narrowing trading range. The "outside"...
By Lawrence G. McMillan
The market is still struggling to find direction, as it remains mired in a narrowing trading range. The "outside" parameters are support at 4330 and resistance at 4540. I continue to feel that a move outside of that range will generate significant, tradeable momentum for the broad market. However, $SPX has recently been trading in an even narrower range than that, after having found some support near the 20-day Moving Average, at 4450.
Equity-only put-call ratios continue to be our most negative indicator. At one point this past week, both ratios curled over for a couple of days, and it seemed that buy signals might be forming. But that was proven...