May, 04, 2012
By Lawrence G. McMillanEarlier this week, a strong upside breakout was accompanied by generally positive technical indicators. But worries over the unemployment report have upset things...
May, 03, 2012
By Lawrence G. McMillanWith last Thursday’s breakout to the upside by the Standard & Poors 500 Index over the 1,390 level, the technical indicators were mostly positive.So far, $SPX has...
May, 01, 2012
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — When the broad stock market, as measured by the Standard & Poor’s 500 Index, broke down through the important 1,390 support...
Apr, 30, 2012
By Lawrence G. McMillan$SPX has essentially been trading sideways for about three weeks. The net result of this sideways action has been to relieve all of the overbought conditions that existed....
Apr, 26, 2012
By Lawrence G. McMillanThe total put-call ratio includes all the volume that takes place on listed index and equity option markets (not futures). Most of the time it’s not of great...
Apr, 26, 2012
By Lawrence G. McMillanThe bears have had many chances this month to do some serious damage to the market but they haven’t been able to. Perhaps they are waiting for the “sell in May and...
Apr, 25, 2012
By Lawrence G. McMillanThe market gapped higher on what has become 'typical' Apple earnings euphoria. Durable goods orders came in below expectations. Meanwhile, the Fed has notified us...
Apr, 20, 2012
By Lawrence G. McMillanThe Standard & Poors 500 ($SPX) chart (Figure 1) still shows heavy resistance at 1390. That level has been challenged on five of the last six trading days. So...
Apr, 19, 2012
By Lawrence G. McMillanThis market has seen a large increase in volatility in the last month or so, but this volatility has been accompanied by another characteristic: there is no follow-through to...
Apr, 16, 2012
By Lawrence G. McMillanOne should be aware of a potential problem in these ETN’s. I am not referring to the “net asset value” problem that engulfed the “Double VIX...
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