We all know that trading options is exciting, highly competitive, and can be very profitable. The key to long term and consistent profits in option trading is options education. The McMillan...
By Lawrence G. McMillanThe bullish news is that $SPX has made a new all-time intraday high for the last three days in a row. The not-so-bullish news is that $SPX has failed to close at a new...
By Lawrence G. McMillan$SPX broke out to new all-time intraday and closing highs this week. New all-time closing highs were made on 4 of 5 consecutive days, which confirmed the move, so the $SPX...
By Lawrence G. McMillanThe rally that began on August 8th has extended quickly and strongly to take $SPX to new intraday and closing all-time highs. When it crossed over resistance at 1960, the $SPX...
By Lawrence G. McMillan Once again, a $VIX “spike peak” buy signal is working out very well. This powerful indicator generated a buy signal as of the close of trading on Monday, August...
By Lawrence G. McMillanAfter an ugly day on Thursday, August 7th, followed by a further decline of 13 $SPX points during the overnight session, stocks have rallied steadily. Most observers are...
By Lawrence G. McMillanOur publication schedule is altered for August, since our office is going to be closed at the end of August for three days. We are going to publish this newsletter on the...
By Lawrence G. McMillanA twitter follower recently inquired about extremely heavy option volume in a particular stock. I explained that it was due to dividend arbitrage. For those wondering, the...
By Lawrence G. McMillanWe have often used the phrase, “oversold does not mean buy.” It is probably one of the most useful phrases a trader can employ. Many a would-be bear missed almost...
By Lawrence G. McMillanThe $SPX chart remains bearish after having broken down through 1950. $SPX sliced right through the next support level at 1925, and after temporarily holding at 1915, appears...