Aug, 10, 2012
By Lawrence G. McMillanStocks have rallied to the top of the bullish $SPX channel (see chart, Figure 1). The top of the channel is at about 1410 currently, and the yearly highs are at 1420....
Aug, 09, 2012
By Lawrence G. McMillanBears are having trouble understanding why the stock market continues to rise, but in reality it’s due in part to the fact that there are still too many bears. Many of...
Aug, 07, 2012
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...
Aug, 03, 2012
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...
Jul, 31, 2012
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...
Jul, 27, 2012
By Lawrence G. McMillanThis week's selling drove $SPX down to the lower end of its bullish trading channel (see Figure 1). The selling managed to dissipate right near the lower channel, and so...
Jul, 26, 2012
By Lawrence G. McMillanThe recent sharp, 3-day decline in stocks produced very divergent readings in the breadth oscillators that we follow. Such divergences are rare – occurring...
Jul, 25, 2012
By Lawrence G. McMillanFear was strong in the market yesterday, as selling ballooned by early afternoon. The losses were larger and increasing when a rumor started that the Fed is close to...
Jul, 20, 2012
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — As you may be aware, we’ve been bullish on the broad stock market since shortly after the early June lows.Our bullishness was...
Jul, 20, 2012
By Lawrence G. McMillan$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...
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