By Lawrence G. McMillanLast week, I didn’t get all the statistics into the newsletter regarding the post-Thanksgiving trading, plus other related T-day trades. So, here’s a quick summary...
By Lawrence G. McMillanRecently, I have been seeing some references to the “wheel” strategy. Of course, they come with all kinds of accolades about how you can’t lose, etc. I thought it might be a...
By Lawrence G. McMillanThe market has stalled near the top of the 6500-6900 trading range. This comes after a strong rally the week of Thanksgiving. But unless there is a clear breakout to new all-...
If you’re looking to strengthen your trading discipline, I’ve just posted a new Substack article and video on what I consider the most important part of trading: risk management. In it, I walk...
By Lawrence G. McMillanThe stock market sold off fairy heavily into the 6500-6550 support zone for $SPX on November 14, but then it rallied strongly off of that support area. That support has been...
By Lawrence G. McMillanWe have several seasonal trades around Thanksgiving, and we’ll get into those more in next week’s newsletter, but for now we want to prepare to enter the first part, which is...
By Lawrence G. McMillanWe have been trading this seasonal spread annually every year since 1994, except for 1995. Last year, we were stopped out with a rather large loss after 53 trading days....
By Lawrence G. McMillanStocks sold off early in the week, but traders were sort of waiting around for the NVDA earnings, which were released after the close on Wednesday, November 19th. When those...