By Lawrence G. McMillan
The stock market, as measured by the Standard & Poor’s 500 Index and other major indexes, continues to plow forward at a relatively slow, steady pace.
By Lawrence G. McMillan
The stock market, whether measured by the Standard & Poor’s 500 Index or any other major index, has become downright boring.
By Lawrence G. McMillan
The new year started with a strong rally, although the reasons for the rally were less than stellar. Basically, I think one can say that the reason investors bought on Tuesday was that it was the first trading day of the year.
By Lawrence G. McMillan
MORRISTOWN, N.J. (MarketWatch) — The Standard & Poor’s 500 Index is hovering near 1,260 once again. What makes this significant is that this is the area not only of the 200-day moving average of the Index, but it is also the point where the index meets the downtrend line connecting the recent market tops.
By Lawrence G. McMillan
Despite positive seasonality, strong upside momentum, and buy signals among the various indicators, the market — as measured by Standard & Poor’s 500 Index — has basically repeated what happened before: it has failed at resistance posed by the 200-day moving average and by the downtrend lines connecting the recent tops over the past few months.
By Lawrence G. McMillan
Despite some position seasonality and oversold conditions, the bulls have not been able to gain a foothold, as the stock market has dropped sharply over the past three days.
By Lawrence G. McMillan
Despite some positive signals, the news events and market worries have swamped stocks with wave after wave of selling in the past few days.
By Lawrence G. McMillan
MORRISTOWN, N.J. (MarketWatch) — When the stock market, as measured by the Standard & Poor’s 500 Index, broke out over 1,220 about a month ago, it was a strong bullish signal. Most of the technical indicators agreed by registering intermediate-term buy signals as well.
By Lawrence G. McMillan
After the nasty decline early last week, the stock market pulled itself together and rallied. The Standard & Poor’s 500 Index bounced off the general area surrounding 1,220, and thus the selling that had occurred on Oct. 31 and Nov. 1 — severe as it was — merely looked like a quick retest of the 1,220 breakout level (see chart below). As the market then rallied back towards the 200-day moving average, the technical indicators began to strengthen to the point where all were on intermediate-term buy signals entering today.
By Lawrence G. McMillan
The market, as measured by the Standard & Poors 500 Index, finally broke out of the tight 1190-1220 range this week — to the upside. Since then there have been two attempts to pull back, but they have met support near 1220, and so that is now a confirmed support area.
