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Update on the CBOE Equity-only Put-call Ratio for 2020 (Preview)

By Lawrence G. McMillan

In the November 15, 2020, issue we had a rather comprehensive discussion of the CBOE’s Equity-only put-call ratio. Both its history over the last 20 years and the comparison of 2020 statistics with those past 20 years were discussed. This is just a brief article to update the figures through the end of the year.

Larry McMillan Stock Market Update Video 1/25/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, January 25th, 2021.

Weekly Stock Market Commentary 1/22/2021

By Lawrence G. McMillan

It may seem as if the market is slowing down, but if it is, it's only in a relative sense. $SPX made new all-time intraday and closing highs on each of the last two days, and $NDX (QQQ) did the same. The Dow ($DJX; DIA) and Russell 2000 (IWM) are only one day removed from all-time closing highs.

All one really needs to know is that the chart of $SPX (and the others) remains strongly positive. The first support level is at 3725-3750. Below there, the next support area is 3630-3650.

Larry McMillan Stock Market Update Video 1/19/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, January 19th, 2021.

Weekly Stock Market Commentary 1/15/2021

By Lawrence G. McMillan

The market remains overbought in many areas, and confirmed sell signals are beginning to appear. However, the most important indicator (the chart of $SPX) remains in a positive uptrend. There is support near 3725, more important support at 3630-3650, and then 3550.

A Realized Volatility Sell Signal (Preview)

By Lawrence G. McMillan

A couple of years ago, we put together some facts and came up with an “early warning" sell signal, based on historical volatility of $SPX.

Larry McMillan Stock Market Update Video 1/11/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, January 11th, 2021.

Weekly Stock Market Commentary 1/8/2021

By Lawrence G. McMillan

On Monday, January 4th, the new year got off to a rocky start as selling built and exploded into a 90+ point selloff in $SPX. However, the decline bottomed at 3662, and the market has been rallying ever since. That brief selloff seems to have rejuvenated the market, and not only are new all-time highs being made, but they have been accompanied once again by rapidly expanding breadth.

Larry McMillan Stock Market Update Video 1/4/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, January 4th, 2021.

Weekly Stock Market Commentary 12/31/2020

By Lawrence G. McMillan

It looks like things are going to be very interesting in the new year. The market is strong, as evidenced by new all-time highs in all of the major indices this past week $SPX, $NDX, $DJX, and $RUT (although $RUT has faltered a bit in the last couple of days). Since price action is the most important indicator, the overall trend remains bullish as long as $SPX holds above support.

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