Feb, 28, 2013
By Lawrence G. McMillanIn December, we presented a strategy for trading the highly leveraged ETFs. At that time, we said that perhaps an option strategy would be a better approach. In...
Feb, 26, 2013
By Lawrence G. McMillan$SPX has closed below 1495 and $VIX has closed (way) above 16.21, so those are sell signals on both charts. Moreover, both equity-only put-call ratios have rolled over to...
Feb, 25, 2013
By Lawrence G. McMillanOn Friday, we said that if the bulls could hold onto the opening gains throughout the day, then last week’s action would likely be viewed merely as a very short-term...
Feb, 22, 2013
By Lawrence G. McMillanSome of the stock market boredom has ended, as a number of traders took the Fed Minutes on Wednesday as a sign to do some selling (the Fed apparently discussed that -- some day...
Feb, 21, 2013
By Lawrence G. McMillanThe market continues to sell off today, extending what began shortly after the Fed minutes release yesterday afternoon. This morning's economic numbers provided no relief...
Feb, 20, 2013
By Lawrence G. McMillanThe three-day weekend was apparently long enough for the bulls to reload and come into the market strongly again yesterday. All of the major averages closed at new highs...
Feb, 15, 2013
By Lawrence G. McMillan$SPX had been contained within a range of 1495 to 1515 for about two weeks. This week, though, the index has broken out to new highs, above that 1515 level. That is positive...
Feb, 14, 2013
By Lawrence G. McMillanMost professional traders tell novice investors not to chase earnings. I have felt that way throughout my trading career. However, I never actually did any...
Feb, 12, 2013
By Lawrence G. McMillanCurrently, option implied volatilities are near extreme lows, by many measures. We have seen that VIX got down to nearly 12. It has been below 10 in the past,...
Feb, 08, 2013
By Lawrence G. McMillan$SPX has bounced back and forth in the 1495 to 1515 range for nearly two weeks. A breakout in either direction would likely be enough to spur further momentum in the direction...
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