Aug, 25, 2017
By Lawrence G. McMillanDespite the media euphoria over recent rally days, the $SPX chart remains short-term negative because of the downtrend lines (see Figure 1). So far, this is showing no signs...
Aug, 21, 2017
By Lawrence G. McMillanEarly this week, a $VIX “spike peak” buy signal was issued when $VIX closed below 14.28 (more than 3.00 points from the intraday high of 17.28 set last Friday, August 11th)....
Aug, 21, 2017
By Lawrence G. McMillanVXX will be reverse split 1-for-4, before trading begins on Wednesday, August 23rd. It is a bit ironic that VXX is finally starting to rise so the reverse split might...
Aug, 18, 2017
By Lawrence G. McMillan$SPX has broken to new lows for this move, taking out the support at 2437. That means that a test of the 2400 level is likely in the cards. There is resistance at 2480.Even...
Aug, 11, 2017
By Lawrence G. McMillanThe market averages have broken down and broken support (except for the Dow). This is the first time that can be said since this past March. We are looking at a strong...
Aug, 04, 2017
By Lawrence G. McMillanCertainly the $SPX chart is still bullish at this time, but once again $SPX is trapped in one of those tight ranges -- this time between 2460 and 2480. That range has...
Aug, 01, 2017
By Lawrence G. McMillanI’m not really big on Dow Theory because its signals seem to be rather nebulous. Even the practitioners of the Theory cannot necessarily agree on when signals occur and...
Jul, 31, 2017
By Lawrence G. McMillanWe have often talked about the seasonality of $VIX in past issues (although not for a while). Figure 5 shows the Composite $VIX for a year. A composite chart is...
Jul, 28, 2017
By Lawrence G. McMillanThe $SPX chart is unabashedly bullish. It continues to make new highs, remaining above the trailing moving averages and holding above support. Thus the intermediate-term...
Jul, 25, 2017
By Lawrence G. McMillanThis week, there has been some publicity about the fact that $VIX is (or has?) set the record for consecutive closes below 10. However, both articles that I saw (one by...
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