Recent Blogs

Sep, 20, 2013

By Lawrence G. McMillan$SPX exploded to the upside after the Fed's announcement that they were not going to taper, with both new buying and short covering entering into the fray. With $SPX now...

Sep, 19, 2013

Overbought market does not mean sell...yet

By Lawrence G. McMillanThe Fed’s announcement that they were not going to taper was a big sigh of relief for many traders, and the resulting buying explosion was powerful. Short covering...

Sep, 18, 2013

McMillan's Bernanke Grade Mentioned on CNBC

Larry McMillan's CNBC Fed Survey grade was noted on CNBC yesterday. When disccussing the analysts that gave Ben Bernanke's term a negative grade, senior economics reporter Steve Liesman mentioned...

Sep, 16, 2013

The Option Strategist Newsletter (Volume 22, No. 17) Preview

By Lawrence G. McMillanThis week’s feature article is a continuation of the one in the last issue. Here, we describe option strategies that are similar to owning stock, or are at least a...

Sep, 13, 2013

Weekly Stock Market Commentary 9/13/13

By Lawrence G. McMillan$SPX made a strong upside push this week and that closed the downside gap from nearly a month ago. That officially terminated the "bearish" status of the $SPX chart. It's...

Sep, 13, 2013

Synthetic Stock Variations

By Lawrence G. McMillanIn our last issue, the feature article discussed whether it might sometimes be preferable to trade the underlying stock as opposed to buying an at- or slightly in-the-money...

Sep, 10, 2013

A close above $SPX 1680 would be bullish

By Lawrence G. McMillanStocks gapped higher on the open yesterday and just kept going higher all day. $SPX has now closed above its declining 20-day moving average for the first since the market...

Sep, 06, 2013

Weekly Stock Market Commentary 9/6/13

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...

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