Join Larry McMillan as he discusses the current state of the stock market on November 13, 2023.
Join Larry McMillan as he discusses the current state of the stock market on November 6, 2023.
Stocks did an abrupt about face this week and have rallied strongly every day. At first, this rally was propelled by some strong oversold conditions and the fact that $SPX had bounced off its lower downtrend line. But as the week wore on, reports from the FOMC meeting and the Unemployment statistics emboldened investors who care about such things. This was all taking place during what is arguably the strongest seasonal pattern of the year.
Join Larry McMillan as he discusses the current state of the stock market on January 29, 2024.
The dominating feature of the $SPX chart is the downtrend. Lower highs and lower lows: that's all you really need to be aware of. Don't overthink it. New lows were made again this week. So, we are still carrying a "core" bearish position.
The October Seasonal trade will take place this year. It is a very simple trade: buy “the market” at the close of trading on October 27th, and sell out your position on the close of trading on November 2nd. There are adjustments for weekends, but neither of those dates falls on a weekend this year.
Join Larry McMillan as he discusses the current state of the stock market on October 23, 2023.
Join Larry McMillan as he discusses the current state of the stock market on October 16, 2023.
