Jan, 08, 2016
By Lawrence G. McMillanThe stock market has taken a real beating in the new year. Massive oversold conditions have arisen, and a sharp, but short-lived rally is possible at any time. The larger...
Jan, 04, 2016
By Lawrence G. McMillanUsually we make this the topic of a longer article at year-end, but frankly we are not holding positions for anywhere near a year, so this is just a mental exercise – not...
Jan, 04, 2016
By Lawrence G. McMillanThe stock market had been muddling its way through the Santa Claus rally period, and this now looks like it will put the final, negative touches on this seasonally important...
Dec, 30, 2015
By Lawrence G. McMillanFXCM is a trading firm that basically blew up when the Swiss Franc was revalued, a year ago. At the time, the stock fell from 17 to nearly zero, before it was rescued by...
Dec, 29, 2015
By Lawrence G. McMillanRecently, the CBOE’s Volatility Index ($VXST) closed above all three of the other CBOE Volatility Indices. At the time, it struck me as being a rather rare occurrence,...
Dec, 28, 2015
By Lawrence G. McMillan$SPX has now climbed slightly above its declining 20-day moving average, and that is where oversold rallies usually die out. Despite the strength of the last week, $SPX has not...
Dec, 18, 2015
By Lawrence G. McMillanStock market volatility continues to be above-average. The oversold rally that took place earlier this week seems to have run out of steam.The $SPX chart is now showing lower...
Dec, 14, 2015
By Lawrence G. McMillanBreadth is the difference between advancing issues and declining issues, usually measured on a daily basis. Since the major averages only reflect what has happened to a...
Dec, 11, 2015
By Lawrence G. McMillanSo far in December, we've seen volatile $SPX daily moves of +22, -23, -30, +42, followed by a 4-day decline of 75 points. There is resistance at 2100 (the late November peak)...
Dec, 04, 2015
By Lawrence G. McMillanThe $SPX chart now has heavy resistance in the 2080-2100 area, where it spent most of the previous two weeks. The support at 2020 (November lows) is still in place as well,...
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