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Weekly Stock Market Commentary 5/21/2021

By Lawrence G. McMillan

The S&P 500 Index ($SPX) made a new all-time high on May 7th. Since then, a correction has been underway, and there have been several times in the last week when I'm sure that both the bulls and the bears thought they had taken control. There were two rather violent declines, both terminating near the 4060 level, so that is now the first support level. Both of those declines were followed by furious rallies back to the slightly declining 20-day Moving Average. A breakout from the current range should see follow-through in that same direction.

A Timely MVB Sell Signal in Ethereum

By Lawrence G. McMillan

Our McMillan Volatility Bands Buy/Sell Signals product for TradingView is great at identifying overbought and oversold cryptocurrencies conditions. The latest Ethereum Sell Signal on May 16th was certainly timely. See the chart below.

MVB Signal Scanner Now Includes Crypto

By Lawrence G. McMillan

We're proud to announce that McMillan's Volatility Bands Signal Scanner now includes all Cryptocurrencies including Bitcoin, Ethereum, Dogecoin, etc.

Each morning, you will receive an email containing the new MVB buy & sell signals from our curated list of tradable assets including stocks, ETFs, futures, and now cryptocurrencies.

Larry McMillan Stock Market Update Video 5/17/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, May 17th, 2021.

Weekly Stock Market Commentary 5/14/2021

By Lawrence G. McMillan

On Friday, May 7th, $SPX broke out to a new all-time high and so did the Dow ($DJX). However, after an early Monday morning rally, things reversed badly, and $SPX dropped sharply for the first three days this week, losing a whopping 173 $SPX points.

But there was no follow-through the next day, and in fact $SPX has rallied strongly, regaining the 4120 level and more.

Larry McMillan Interview with Stockcharts.com

By Lawrence G. McMillan

Larry McMillan recently sat down with David Keller of Stockcharts.com for their Behind The Charts series where Larry discusses his origins in the markets and the current environment. Click here to watch the video or view below.

Weekly Stock Market Commentary 5/10/2021

By Lawrence G. McMillan

From early March through mid-April, $SPX was on a tear. Since then, it went mostly moved sideways, while establishing a support area near 4120. Now it's broken out to the upside again. Below 4120, there is support near 4000 (the March highs), but that is an area that was never tested, since $SPX just blew right through the March highs on a double gap move higher in early April. Finally, the support at 3850-3870 is still important, for that is the area from which the current leg of this rally was launched.

Larry McMillan Stock Market Update Video 5/10/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, May 10th, 2021.

$SPX Distance Above The 200-Day Moving Average (Preview)

By Lawrence G. McMillan

Whenever the market has an extended bull run, such as it's having now, it begins to put a lot of distance between the current value of $SPX and its 200-day Moving Average. Inevitably, some "analyst" posts the fact that "$SPX is x% above its 200-day Moving Average" and then alleges that disaster is at hand. Usually, a deluge of similar analyses follows. Those types of statements are usually wrong, or at least misleading. Two things that are rarely explored in these articles are: 1) when is disaster going to be at hand, and 2) is percent really the measure we want to use, rather than standard deviations?

Larry McMillan Stock Market Update Video 5/3/2021

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, May 3rd, 2021.


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