By Lawrence G. McMillanThe fifth edition of the best-selling book, Options As A Strategic Investment was released today, August 7th. An updated version of the Study Guide has also been...
By Lawrence G. McMillanAlmost like clockwork, the pendulum of this market swings back and forth within the bullish trading range that $SPX occupies. As long as $SPX stays within this range, the...
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — Since the broad stock market, as measured by the Standard & Poor’s 500 Index, bottomed in early June, the ensuing rise has been...
By Lawrence G. McMillanThis week's selling drove $SPX down to the lower end of its bullish trading channel (see Figure 1). The selling managed to dissipate right near the lower channel, and so...
By Lawrence G. McMillanThe recent sharp, 3-day decline in stocks produced very divergent readings in the breadth oscillators that we follow. Such divergences are rare – occurring...
By Lawrence G. McMillanFear was strong in the market yesterday, as selling ballooned by early afternoon. The losses were larger and increasing when a rumor started that the Fed is close to...
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — As you may be aware, we’ve been bullish on the broad stock market since shortly after the early June lows.Our bullishness was...
By Lawrence G. McMillan$SPX exceeded its early July highs today. That is a new high for this recovery rally that began in early June. As a result, the classic bullish pattern of higher...
By Lawrence G. McMillanThe Standard &Poor’s 500 Index traded right up to its recent highs today, continuing the rally that began in early June. However, for the most part, the rally has...
By Lawrence G. McMillanThe market sold off sharply on Tuesday when Fed Chairman Bernanke spoke, but then staged a strong reversal rally – closing hear the highs of the day. This continues...