By Lawrence G. McMillanThe market has shown impressive strength recently, with $SPX closing above the key 5800 level. That move alone adds to the bullish tone, but the real question now is: Could...
By Lawrence G. McMillanThe market rallied early this week, peaking out at about 5700 on $SPX. A modest pullback has taken place since then. There is resistance from there on up to 5800. A close above...
By Lawrence G. McMillanThere has been a good deal of talk in option and other trading circles lately about how high realized volatility is, even though implied volatility has begun to taper off....
By Lawrence G. McMillan$SPX has risen for eight days in a row and is off to a positive start today, which would make it nine. This type of action has been accompanied by buy signals from breadth,...
By Lawrence G. McMillanIn a market environment where volatility is the norm, traders need flexible strategies that adapt to changing conditions. One such strategy is the butterfly spread, a time-...
By Lawrence G. McMillanA new setup has occurred in Tesla (TSLA) using the weekly McMillan Volatility Bands (MVB). TSLA closed back above its +3σ (three sigma) band, indicating a potential shift in...
By Lawrence G. McMillanThis week’s earnings calendar is even heavier than last week’s, setting up plenty of potential opportunities for pre-earnings straddle buys. Many stocks are showing the classic...