By Lawrence G. McMillanDespite more deterioration in the internal indicators (put-call ratios, breadth, New Highs vs. New Lows), $SPX has not weakened much and remains near all-time highs. Both the...
By Lawrence G. McMillanNew 2024 highs have been registered this week for $SPX. The all-time highs for $SPX were set in January 2022. The intraday high was 4818, and the closing high was 4796. Most...
By Lawrence G. McMillanThere are two seasonal trading systems that we utilize in January – one bearish and one bullish. The first one is the bearish one. It is called the “January Defect” by some,...
By Lawrence G. McMillanHeavy selling hit the market this week. Part of that was due to the fact that traders didn't want to sell in 2023, because of the taxes that would be owed. So, they sold in...
By Lawrence G. McMillanStocks continue to plow higher, with most major indices making new highs for 2023 just as the year is coming to an end. Furthermore, $SPX is just a short distance from its all-...