Recent Blogs

Sep, 06, 2013

By Lawrence G. McMillanAt this point, the $SPX chart is still bearish, because it has a sequence of lower highs and lower hows.The equity-only put-call ratios continue to remain on sell signals. The...

Sep, 04, 2013

An upside breakout would be significant

By Lawrence G. McMillanThe market continues to fluctuate, seemingly with news about Syria. Dovish news is bullish; hawkish news is bearish. However, given the fact that there are intermediate-term...

Aug, 30, 2013

Weekly Stock Market Commentary 8/30/13

By Lawrence G. McMillanThe stock market has continued lower, after first breaking significant support at 1680 about two weeks ago. With the further breakdown this week, below the next support...

Aug, 29, 2013

When Is Trading Stock Superior To Buying Options?

By Lawrence G. McMillanThe common perception among option traders is that option buying is the “best” approach to a speculative situation because of the great leverage that the calls or...

Aug, 28, 2013

Yesterday's move clearly makes the $SPX chart bearish

By Lawrence G. McMillanThe market is using the excuse of potential Syrian bombing to sell off sharply. Yesterday was one of the ugliest days of the year, but still wasn’t all that...

Aug, 23, 2013

Weekly Stock Market Commentary 8/23/13

By Lawrence G. McMillanNearly all of our indicators turned bearish in the last two weeks. The breakdown of the Standard & Poors 500 Index ($SPX) below support at 1680 was the trigger that turned...

Aug, 16, 2013

Weekly Stock Market Commentary 8/16/13

By Lawrence G. McMillanThe Standard & Poors 500 Index ($SPX)) broke down below the important support level of 1670-1680 today and, in doing so, unleashed a torrent of sell signals. The...

Aug, 15, 2013

Bears finally have a chance to break the market

By Lawrence G. McMillanThe recent pattern of a late-day rally was broken yesterday, and it may have larger ramifications. Prices declined mostly all day yesterday, and it was especially...

Aug, 12, 2013

The Option Strategist Newsletter (Volume 22, No. 15) Preview

By Lawrence G. McMillanThe feature article deals with two indicators that we have occasionally referenced. They are long- to intermediate-term indicators and both are either on a sell signal or...

Aug, 09, 2013

Weekly Stock Market Commentary 8/9/13

By Lawrence G. McMillanThe overbought conditions that had existed a couple of weeks ago were largely worked off by a sideways to slightly down stock market, as measured by the Standard & Poors...

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