Jul, 21, 2017
By Lawrence G. McMillanBulls have been totally dominant again, over the past week (and really since last November). The gap upside breakout over the minor downtrend line (blue line in Figure 1), on...
Jul, 19, 2017
By Lawrence G. McMillanWe wrote about “years ending in 7” in the February 3, 2017, issue. The data in Figure 5 is the same graph that was published at that time. It includes data for the...
Jul, 17, 2017
By Lawrence G. McMillanWhen $SPX broke down below 2420 last week, and there was a bit of panic selling, the term structure of the $VIX futures (and of the CBOE Volatility Indices) immediately...
Jul, 14, 2017
By Lawrence G. McMillanFirst and foremost, the most bullish of our indicators is the $SPX chart itself (although some of our other indicators seem to be grudgingly improving as well). The 2400 area...
Jul, 10, 2017
By Lawrence G. McMillanWe wrote about “years ending in ‘7'” earlier this year. The pattern is that these are bad years for the stock market, for the most part. They generally start off fine and rally...
Jul, 07, 2017
By Lawrence G. McMillanThis stock market has been able to avoid a meaningful correction for quite some time. But now $SPX has closed below support at 2420, and the failed upside breakout of mid-June...
Jun, 30, 2017
By Lawrence G. McMillanA real battle has developed around the 2420-2440 area of $SPX. That has been the trading range for the entire month of June, but recently there have been some violent moves...
Jun, 26, 2017
By Lawrence G. McMillanWe use Chandelier Stops for most of our trailing stops. We have been asked to explain how to calculate the Chandelier Stop, so here is the explanation. We use a 10-...
Jun, 23, 2017
By Lawrence G. McMillanThis past Monday, $SPX broke out to new all-time highs, smashing through the resistance area at 2440 in a strong manner. Then, just as abruptly, stocks have fallen since then...
Jun, 19, 2017
By Lawrence G. McMillanI thought it might be interesting to see how previous $VXO/$VIXMO sell signals have played out. We have written plenty about this particular signal, which occurs very...
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