Join Larry McMillan as he discusses the current state of the stock market on May 30, 2023.
Join Larry McMillan as he discusses the current state of the stock market on May 15, 2023.
Join Larry McMillan as he discusses the current state of the stock market on May 8, 2023.
Join Larry McMillan as he discusses the current state of the stock market on May 1, 2023.
Stocks had been drifting in a tightening range, causing realized volatility to shrink, and boring the heck out of traders -- even though intraday swings were still present. Then with some earnings announcements this week, $SPX first dropped 65 points one day and then rose 80 two days later.
Join Larry McMillan as he discusses the current state of the stock market on April 17, 2023.
Join Larry McMillan as he discusses the current state of the stock market on April 10, 2023.
The fact that $SPX broke over the downtrend line that had existed for most of February and March doesn't necessarily mean that the $SPX chart is outright bullish, though, for there is formidable resistance at both 4200 and 4300. It's just not a bearish chart right now. Several indicators are overbought at this time, and some of them might be issuing sell signals soon. In addition, $SPX has advanced above its +3å "modified Bollinger Band."
Join Larry McMillan as he discusses the current state of the stock market on April 3, 2023.
A rather large dichotomy is emerging in this market: the chart of $SPX remains bearish, while most everything else is taking on a bullish slant. This has happened before, and usually the negativity of $SPX wins out. However, each market cycle is different to some extent, so we will continue to watch these rather interesting developments.
