Oct, 15, 2018
By Lawrence G. McMillanFor the second time this year, the stock market has suffered a severe decline in an unusually short period of time. Declines like this used to take weeks, and now they occur in...
Oct, 05, 2018
By Lawrence G. McMillanFor the first time since late June, $SPX had a serious down day in hand, but the bears let some of it slip away as prices rallied strongly in the last two hours of the day....
Sep, 28, 2018
By Lawrence G. McMillanThis market is becoming truly divergent as the number of negative indicators and their strength is increasing, but $SPX prices (and those of other indices) have not broken down...
Sep, 21, 2018
By Lawrence G. McMillanStocks had broken out to new all-time highs (at least for $SPX) in late August. Then, a minor correction saw a pullback and test of the breakout level at 2860-2870. That held...
Sep, 14, 2018
By Lawrence G. McMillan$SPX pulled back to its still-rising 20-day moving average, which was at about 2870 and that was been about the extent of the correction. As a result, the chart of $SPX...
Sep, 07, 2018
By Lawrence G. McMillanThe negative seasonality of September seems to be weighing on the stock market. This has caused $SPX to pull back towards support at 2860-2870. So far, that support has held....
Sep, 04, 2018
By Lawrence G. McMillanOn the first four days of this week, $SPX closed at a new all-time high each day. It was accompanied by strength in the other indicators to confirm the breakout. However, some...
Aug, 24, 2018
By Lawrence G. McMillanLast week, we wrote extensively about the similarities between the current market and the market of the summer of 2000. In 2000, $SPX rallied back to its old highs,...
Aug, 24, 2018
By Lawrence G. McMillanIt was just over a week ago that $SPX was having some trouble and was testing the 2800 level (August 15th). That test was successful, and the Index has been pressing the...
Aug, 17, 2018
By Lawrence G. McMillanPerhaps the market is merely recharging its batteries for another push higher, but action had generally been lackluster until yesterday's large rally. Once $SPX failed three...
Pages
© 2023 The Option Strategist | McMillan Analysis Corporation