By Lawrence G. McMillanThe stock market has broken down through several support areas, to the point where it is now below the important support at 1,340 on the Standard & Poors 500 Index. This...
By Lawrence G. McMillanFollowing an overnight push to new lows, the market attempted to put together a rally into the 2pm EST Fed minutes. However, the market stalled and was unable to hold...
By Lawrence G. McMillanOn Tuesday, May 1st, $SPX traded at 1415. Now, just 7 trading days later, the entire psyche of the market has become dark and brooding.$SPX broke down through support at...
By Lawrence G. McMillanNegative thinking has enveloped Wall Street in the last week. It’s rare to see to such obvious negative news reflect itself so directly in lower prices, but that’s...
By Lawrence G. McMillanExtremely heavy selling swamped the market in the early going on Tuesday. But at about 11:30am, a rally started that lasted most of the rest of the day. As a result...
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...
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, $SPX has...
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — When the broad stock market, as measured by the Standard & Poor’s 500 Index, broke down through the important 1,390 support...
By Lawrence G. McMillan$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....
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...