Join Larry McMillan as he discusses the current state of the stock market on February 18, 2025.
Stocks are still in a trading range, but barely. $SPX made a strong move on Thursday, back to the 6100 area and above, which is very near the all-time high. The all-time high is 6128 intraday and 6118 closing. The last time that $SPX tried to break out on the upside, it proved to be a false breakout, and the Index declined 200 points quickly. For the most part, $SPX has been trading between 6000 and 6100 since then, but this morning it has traded at 6127.
Join Larry McMillan as he discusses the current state of the stock market on February 3, 2025.
Join Larry McMillan as he discusses the current state of the stock market on February 3, 2025.
Join Larry McMillan as he discusses the current state of the stock market on January 27, 2025.
Join Larry McMillan as he discusses the current state of the stock market on January 21, 2025.
A monster oversold rally -- or perhaps something more -- has arisen in the wake of a rather benign CPI report. There is now renewed hope for several rate cuts this year (several being two, according to the predictions of the Fed futures markets). The reversal began as an oversold rally last Monday, January 13th after $SPX had broken down below support and traded down to 5730. From there, the market gapped up 90 points on Wednesday and just kept going.
Join Larry McMillan as he discusses the current state of the stock market on January 14, 2025.
