By Lawrence G. McMillanIndividual indicators are bullish in their own right, but price (i.e., the chart of $SPX), is without a doubt the number one factor for consideration. There is support in...
By Lawrence G. McMillanA new ETF by Credit Suisse, trading with the symbol GLDI, is called the “Gold Shares Covered Call ETN." The product will hold a long position in GLD (the Gold ETF) and...
By Lawrence G. McMillanIt’s almost unfathomable to me that it was 40 years ago that listed option trading began on the CBOE: April 26th, 1973. Many of the people associated with the...
By Lawrence G. McMillanA week ago, a correction was underway, but the bulls were having none of that, and $SPX support held in the 1540 area for the third time in the last two months. The correction...
By Lawrence G. McMillanThis market is getting very interesting. It has been under pressure all week, and volatility has increased dramatically. In fact, most of the indicators have turned bearish...
By Lawrence G. McMillanWednesday was an ugly day for the market, and it didn’t have the convenient excuses that Monday did. It was just plain old selling. There was a modest rally...
By Lawrence G. McMillanThe broad stock market, as measured by the Standard and Poors 500 Index ($SPX) continues to make new highs almost every day. $SPX finally moved above its 2007 intraday highs,...
By Lawrence G. McMillanThe market continued its upward march from the lows of Friday morning, right after that negative unemployment report. New closing highs were made, and it looks like this...
By Lawrence G. McMillanThe stock market has had a bit rougher time this week. Our indicators are turning bearish now, and if there is a breakdown in $SPX, a full-blown correction should be...
By Lawrence G. McMillanThere were seemingly two stock markets yesterday. By that I mean that the big-cap stocks that have led this rally continued to do their thing, driving $SPX and the other...