By Lawrence G. McMillanFor the second week in a row, a rising market was blindsided by negative "macro" news out of Europe and suffered a violent downturn as a result. What has been quite astonishing...
By Lawrence G. McMillanAfter the nasty decline early last week, the stock market pulled itself together and rallied. The Standard & Poor’s 500 Index bounced off the general area surrounding...
By Lawrence G. McMillanYesterday was a strong day, backed by technical factors across the board. But forget about it, because tonight the market is getting absolutely crushed. S&P...
By Lawrence G. McMillanVelocity. That’s a term more commonly found in physics or aeronautical engineering or something like that, but stock market participants are becoming all too...
By Lawrence G. McMillanWhen the dust has settled, this looks like little more than a pullback from a slightly overbought condition to test the breakout level (at 1220). To sum up the $SPX chart:...
By Lawrence G. McMillanMonday and Tuesday had all the earmarks of panic selling, but it has shaken the confidence that had been gathered throughout the strong October rally.Once again, it seems that...
By Lawrence G. McMillanYesterday had all the earmarks of panic selling, but it has shaken the confidence that had been gathered throughout the strong October rally. Once again, it seems that...
By Lawrence G. McMillanToday’s move saw $SPX blow right through the resistance at 1260 and also through the 200-day moving average at 1272. Those are both significant levels to have...
By Lawrence G. McMillanOnce again, it appears the October has become the “bear killer.” Yes, volatility is still high and put volume is still heavy, so there are clearly worries out there...
By Lawrence G. McMillanThe market, as measured by the Standard & Poors 500 Index, finally broke out of the tight 1190-1220 range this week — to the upside. Since then there have been two...