Jun, 09, 2011
By Lawrence G. McMillanFor the first time in quite a while, the bulls seem to have no power. Rallies are weak and quickly fade to new lows. Oversold conditions that, in the recent past, would have...
Jun, 08, 2011
By Lawrence G. McMillanTuesday's market action was extremely negative. A rally attempt stalled out in the afternoon, and that was bad enough considering the amount of oversold conditions that...
Jun, 07, 2011
By Lawrence G. McMillan$VIX spiked up to almost 20 last Friday and then reversed back downward to nearly 17. Currently, it stands at 17.82. A spike peak reversal of that magnitude is at...
Jun, 07, 2011
An increase in the trading of a stock's options over the normal daily volume is often a precursor of movement by the stock itself. This is especially true in advance of news items, such as...
Jun, 06, 2011
By Lawrence G. McMillanThere seems to be a bit of a hangover from Friday’s action. Despite some potentially positive movement in $VIX, the market can’t seem to rally today. $VIX spiked up...
Jun, 03, 2011
By Lawrence G. McMillanCurrently, the dominant theme of the $SPX chart is its downtrend. There is now resistance at 1330, and above that, at 1345.The equity-only put-call ratios have...
Jun, 02, 2011
By Lawrence G. McMillanBreadth was terrible yesterday, making Wednesday a true 90% down day in terms of “stocks only” data and a 90% down volume day in NYSE terms. This is the first true...
Jun, 02, 2011
By Lawrence G. McMillanThe market has had some very volatile short-term moves in the past few weeks. A strong rally over the past week gave way today to one of the largest down days in quite a while....
Jun, 01, 2011
By Lawrence G. McMillanThis is the second of two articles on weekly calendar spreads. In the last issue, we dealt with some of the complexities of this strategy, and promised to finish the...
May, 27, 2011
By Lawrence G. McMillanA number of bearish signals have arisen over the past two weeks, and the market has declined -- albeit only slightly. The bears have not really capitalized on what have...
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