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Weekly Stock Market Commentary 5/10/2021

By Lawrence G. McMillan

From early March through mid-April, $SPX was on a tear. Since then, it went mostly moved sideways, while establishing a support area near 4120. Now it's broken out to the upside again. Below 4120, there is support near 4000 (the March highs), but that is an area that was never tested, since $SPX just blew right through the March highs on a double gap move higher in early April. Finally, the support at 3850-3870 is still important, for that is the area from which the current leg of this rally was launched.

Larry McMillan Stock Market Update Video 5/10/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, May 10th, 2021.

Larry McMillan Stock Market Update Video 5/3/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, May 3rd, 2021.

Weekly Stock Market Commentary 4/30/2021

By Lawrence G. McMillan

The pace of the market's advance has slowed from the torrid run that it had between March 26th and April 16th, but $SPX is still making new all-time highs almost every day.

$SPX has three major support levels, all noted with horizontal red lines on the chart in Figure 1: 4120 (which is the daily lows of several days during April), 4000 (which was the March high), and 3850-3870 (which is the area from which the current leg of this bull market rally emanated on March 26th.

Larry McMillan Stock Market Update Video 4/26/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, April 26th, 2021.

Weekly Stock Market Commentary 4/23/2021

By Lawrence G. McMillan

After reaching new all-time highs a week ago, the market has stumbled a bit this week. The overbought conditions are beginning to take a toll, but the overall trend is still bullish at this point.

There is support at this week's lows roughly 4120, with stronger support just below 4000 (the March highs), and the major support at 3850-3870. If 4000 is penetrated that would be a short- term negative, and if 3870 is penetrated that would be a major change of trend.

Larry McMillan Stock Market Update Video 4/21/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Wednesday, April 21st, 2021.

Weekly Stock Market Commentary 4/16/2021

By Lawrence G. McMillan

This market is still akin to a runaway freight train. The momentum is strong and positive, and there are no confirmed sell signals at this time. This has made the market "overbought" in a general sense, but subscribers know that "overbought does not mean sell." Only confirmed sell signals mean "sell."

Larry McMillan Stock Market Update Video 4/12/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, April 12th, 2021.

Weekly Stock Market Commentary 4/9/2021

By Lawrence G. McMillan

The recent pattern of the markets has changed slightly. Yes, $SPX is continuing to make new all-time highs almost daily, but now NASDAQ ($NDX; QQQ) is catching up and the Dow ($DJX; DIA) is slowing down.

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