By Lawrence G. McMillanSince early June, the stock market — as measured by the Standard & Poors 500 Index SPX had remained in a steady uptrend channel. On Tuesday, however, SPX not only...
By Lawrence G. McMillanA major support level has finally given way. With $SPX falling below 1430, a lot of selling was unleashed into the market. Rally attempts were made, but without...
By Lawrence G. McMillanA week ago, stocks seemed to be on the brink of breaking down. But the bulls regrouped, and $SPX rallied strongly off of that support base. Hence, the 1425-1430 area is now...
By Lawrence G. McMillanThe Standard and Poor’s 500 Index (SPX) was under a reasonably large amount of pressure last week. By week’s end, it had declined to 1425 — a support level,...
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — The stock market has generally been declining since September 14th — the day after the Fed announced the latest round of...
By Lawrence G. McMillan$SPX rallied strong yesterday, bouncing off the support at 1425-1430, and that support was/is bolstered by the rising trendline at the bottom of the trading channel that has...
By Lawrence G. McMillanWhat is interesting to one person may not necessarily be interesting to another. For example, I find it interesting that Joe Girardi finally had the guts to pinch-hit A-...
By Lawrence G. McMillanWe have been bullish continuously since early June. But recent events and indicator changes have put this short-term forecast into jeopardy. $SPX has support at 1430 from two...
By Lawrence G. McMillanAs readers know, we have been bullish continuously since early June. Even as late as a week ago, it still seemed possible for this market to move higher over the short term....
By Lawrence G. McMillanThe stock market continues to mark time, in the wake of the massive overbought condition that arose on September 14th -- right after the Fed announced the latest round of...