By Lawrence G. McMillanThe following was excerpted from the market commentary in this morning's Daily Volume Alerts Newsletter, which is sent out each morning before the market opens.Even though the...
By Lawrence G. McMillanAfter a shaky overnight session, when S&P futures traded down 10 points at one time, and some opening jitters today (when $VIX traded above 23), the market has settled down...
By Lawrence G. McMillanThe market has had a rough week as the dominant bearish traits of this market have emerged. A couple of oversold rallies have been attempted, but they have been unusually...
By Lawrence G. McMillanThe current downtrend in the market remains intact, as rallies are getting shorter in time (one-day affairs, mostly) and downward moves are faster and larger. This is further...
By Lawrence G. McMillanYesterday’s rally has quickly been forgotten, as the market has cascaded downward today in a series of three large drops. This is further evidence of the fact that...
Optionstrategist.comThe June VIX Futures settled at 19.73 this morning ($VRO), up $1.71 from the May expiration. This month's settlement is the 2nd highest this year and is the 2nd consecutive...
By Lawrence G. McMillanThis is expiration week. In-the-money put open interest is dominant over in-the-money call open interest, and that is negative. However, the market would have to...
By Lawrence G. McMillanFor the first time since January 7, 2009, the CBOE Equity-Only Put-call ratio is above 1.00. On Friday (June 10th), nearly 880,000 puts traded, while slightly less than...
By Lawrence G. McMillanThe broad stock market has been under more selling pressure in the last two weeks than in the previous nine months. Intermediate-term indicators are all bearish at the...
By Lawrence G. McMillanWe normally follow the equity-only put-call ratio as one of our main contrarian indicators. However, there is another put-call ratio that we follow from time to time, as...