Blogs
Weekly Stock Market Commentary 12/10/2021
By Lawrence G. McMillan
Stocks came roaring back this week, after a massive oversold condition spurred the rally. As is typical for an oversold rally, $SPX rose all the way to and through its declining 20-day Moving Average. That brought it back almost to the old highs (4705) where it has met resistance before and did again. Meanwhile, the lows of last week at roughly 4500 are support, and there is also support at 4300 (the early October lows). So, there is a possibility that $SPX is still in a trading range (yellow area on the chart in Figure 1).
Larry McMillan Stock Market Update Video 12/6/2021
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on Monday, December 6, 2021.
Weekly Stock Market Commentary 12/3/2021
By Lawrence G. McMillan
Stocks have been down and volatile for the last week -- an unusual time of the year for that to be the case. The new omicron COVID variant is being blamed, but that was merely the catalyst for unleashing a lot of selling that has been building up. Market internals have been deteriorating for a long time.
Larry McMillan Stock Market Update Video 11/29/2021
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 29, 2021.
Weekly Stock Market Commentary 11/26/2021
By Lawrence G. McMillan
With the market plunging this morning on news of a new COVID variant out of South Africa causing travel restrictions, we are going to attempt to work that into the market comment even though our data does not incorporate today's (Nov 26) trading. There is still resistance for $SPX near 4700, but more importantly, the $SPX chart will turn negative on a close below 4630.
Larry McMillan Stock Market Update Video 11/22/2021
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 22, 2021.
The Heating Oil – Gasoline Spread 2021 (Preview)
By Lawrence G. McMillan
We have been trading this seasonal spread annually every year since 1994, except for 1995. Last year, we rebounded with a nice gains.
Weekly Stock Market Commentary 11/19/2021
By Lawrence G. McMillan
Suddenly, there is once again a wide discrepancy in performance between two of the major indices -- $SPX and $NDX -- and the rest of the stock market. This is reflected by sell signals and negative readings in breadth and put-call ratios. However, the $SPX chart and the indicators involving $VIX and implied volatility remain bullish.
Larry McMillan Stock Market Update Video 11/15/2021
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 15, 2021.
Weekly Stock Market Commentary 11/12/2021
By Lawrence G. McMillan
The major indices have had a very strong run since the beginning of October, and especially since breaking through to new all-time highs on October 21st. Now, they are taking a "breather," and some sell signals may be setting up. Support on $SPX is likely at 4525 4550, which is still 100 points below current levels.
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