Whether you think it's MOMO (momentum) or FOMO (Fear Of Missing Out), or whatever, it doesn't really matter. This market is a perfect example of why "overbought does not mean sell." Eventually, sell signals will appear, but so far, we have had no confirmed sell signals.
Join Larry McMillan as he discusses the current state of the stock market on May 4, 2026.
The major indices are all enjoying a booming bull move to new all- time highs $SPX, $NDX, and $RUT (while the Dow is closing in on its highs as well). This display of strength has occurred in the face of potential geopolitical worries, which indicates that "the market" isn't too concerned with those. $SPX has strong support at 7000 -- the previous all-time highs -- as well as minor support at 7125 and 7050.
Join Larry McMillan as he discusses the current state of the stock market on April 27, 2026.
Join Larry McMillan as he discusses the current state of the stock market on April 20, 2026.
The major indices are on a roll, with S&P 500 ($SPX; SPY), NASDAQ-100 ($NDX; QQQ) and now Russell 2000 ($RUT; IWM) all making new all-time highs simultaneously. Back in January and February, $SPX made a new all-time high by a few points on several occasions, but it was never able to put together a strong breakout rally as follow-through. Eventually, that was onerous, and the market fell. But now it appears to be adding to the breakout gains, which is a very positive sign.
Join Larry McMillan as he discusses the current state of the stock market on April 13, 2026.
Join Larry McMillan as he discusses the current state of the stock market on April 6, 2026.
