Recent Blogs

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...

Sep, 21, 2012

Weekly Commentary 9/21/2012

By Lawrence G. McMillanThe stock market continues to be resilient, if dull. The bears have not been able to force prices downward, despite what was a very overbought condition a week ago.Equity...

Sep, 20, 2012

In focus: QE forever

By Lawrence G. McMillanThe stock market loves the fact that the Fed announced an other round of easing (QE III) but also hinted that such operations would continue into the foreseeable future (QE...

Sep, 19, 2012

Equity-Only Put-Call Ratio Makes a New Low

By Lawrence G. McMillanYesterday's market was one of the quietest days so far. $SPX had a total range of 5.34 points for the entire day. That is minuscule. In recent months, this sort of...

Sep, 14, 2012

Weekly Commentary 9/14/12

By Lawrence G. McMillanThe stock market continues to march higher, listening to its own bullish rhythms and eschewing the potentially bad news that has kept many investors on the sidelines.Today's...

Sep, 13, 2012

New Option Products Abound (VXTH, SRO, etc)

By Lawrence G. McMillanAs traders and investors express more of an appetite for derivative products, the research departments at the exchanges (primarily the CBOE) and at various creators of...

Sep, 13, 2012

In focus: Will it be ‘sell on the news?’

By Lawrence G. McMillanThe market continues to move higher, albeit at a very slow pace. The bears have been frustrated at mostly every turn, as one negative news item after another has been tossed...

Sep, 12, 2012

We remain bullish as long as $SPX remains above 1395-1400 level

By Lawrence G. McMillanTuesday's action started out with a morning rally, and then spent the rest of the day giving a lot of it back. Overnight, though, S&P futures rose strongly, exceeding...

Sep, 07, 2012

Weekly Commentary 9/7/2012

By Lawrence G. McMillanThe stock market, as measured by the Standard and Poors 500 Index ($SPX) has been meandering sideways for the past couple of weeks. This had the effect of alleviating the...

Sep, 06, 2012

In focus: Market sleepwalking into September

By Lawrence G. McMillanThe volatility of the stock market has dwindled to extremely low levels. The 20-day historical volatility of the Standard & Poor’s 500 Index is now 6% — the...

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