Oct, 16, 2012
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...
Oct, 12, 2012
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-...
Oct, 12, 2012
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. $SPX has support at 1430 from two...
Oct, 11, 2012
By Lawrence G. McMillanAs readers know, we have been bullish continuously since early June. Even as late as a week ago, it still seemed possible for this market to move higher over the short term....
Oct, 05, 2012
By Lawrence G. McMillanThe stock market continues to mark time, in the wake of the massive overbought condition that arose on September 14th -- right after the Fed announced the latest round of...
Oct, 04, 2012
By Lawrence G. McMillanThe stock market continues to mark time, not really declining much as it works off the overbought condition from a couple of weeks ago. It is still our opinion that once this...
Oct, 03, 2012
By Ryan BrennanNaked put-selling is a very popular and potentially profitable trading strategy, but choosing what puts to sell can sometimes be a guessing game. McMillan's Probability...
Sep, 28, 2012
By Lawrence G. McMillanWe often say that it is positive for an emerging bull trend to get heavily overbought – that this is an indication that the rally is strong and broad. In this article, we...
Sep, 28, 2012
By Lawrence G. McMillanThe broad market, as measured by the S&P 500 Index ($SPX) remains in a bullish uptrend. The recent selling has drawn the index down from the top of the bullish channel...
Sep, 27, 2012
By Lawrence G. McMillanThe long-awaited correction appears to have begun. So far, the damage is minimal and is completely within the realm of an overbought correction. However, all declines start out...
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