By Lawrence G. McMillanStocks rallied sharply off the 5870 level exactly a week ago. While $SPX had probed below there intraday, it was above 5870 by the close of trading. So, there is strong support...
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By Lawrence G. McMillanThe wheels came off the wagon after the Fed meeting on Wednesday. It appears that the Fed's decision to drop rates by 25 basis points, plus their announcement that they might...
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By Lawrence G. McMillanThe new trend of $VIX buy signal is the third one in the last year. The $VIX chart from Figure 4 is reproduced here, without the “spike peak” buy signals, so we can discuss...
By Lawrence G. McMillanThe broad stock market, as measured by indices such as $SPX, continues to probe new all-time highs. This week, there was a positive catalyst in the form of the CPI number,...
By Lawrence G. McMillanWe have addressed this subject a few times in the past, but with the equity-only put-call ratios plunging to multi-year lows, it seems appropriate to take a fresh look and...
By Lawrence G. McMillanThe broad market continues to be strong, as most of the major indices are trading at new all-time highs now. This includes $SPX, $NDX, $DJX (the Dow), but not $RUT (the Russell...