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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.

Larry McMillan Stock Market Update Video 12/28/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, December 28th, 2020.

Weekly Stock Market Commentary 12/24/2020

By Lawrence G. McMillan

The bears took advantage of a small window before the "Santa Claus rally" begins to drive $SPX down a bit. Once again, support in the 3630 3650 area has held. We are still viewing 3550 as the more important support area, for if that were broken, then the $SPX chart would take on a bearish aura.

Equity-only put-call ratios continue to decline, and thus they remain on buy signals. They are extremely overbought, but that is not a sell signal.

Larry McMillan Stock Market Update Video 12/21/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, December 21st, 2020.

Weekly Stock Market Commentary 12/18/2020

By Lawrence G. McMillan

The major indices -- $SPX/SPY, $NDX/QQQ, $DJX/DIA, and $RUT/IWM -- are all at new all-time intraday and closing highs. Clearly, this market has momentum.

Larry McMillan Stock Market Update Video 12/14/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, December 14th, 2020.

Weekly Stock Market Commentary 12/11/2020

By Lawrence G. McMillan

All of the major averages have made new all-time highs this week: $SPX (SPY), $DJX (DIA), $NDX (QQQ), and yes, even $RUT(IWM). In fact, IWM is outperforming the rest at this time, for the first time in a long while.

Larry McMillan Stock Market Update Video 12/7/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, December 7th, 2020.

Weekly Stock Market Commentary 12/4/2020

By Lawrence G. McMillan

Over the past three days, $SPX finally managed to break out to new all-time closing and intraday highs. Thus, the $SPX chart is bullish, as there is no classical resistance -- by definition -- when it is at all-time highs.

$SPX has advanced an astonishing 1,500 points, or 68%, from the March lows. No matter how you interpret that, it does not jibe with the economics caused by COVID-19. But TINA and FOMO are formidable proponents of buying stocks, and they have certainly won the day.

Larry McMillan Stock Market Update Video 11/30/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, November 30th, 2020.

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