Jun, 01, 2018
By Lawrence G. McMillanStocks just can't seem to get out of their own way. Both bulls and bears have failed to capitalize on what seemingly should have been opportunities. The bottom line is that...
May, 25, 2018
By Lawrence G. McMillanThe Standard & Poors 500 Index ($SPX) is now trapped in a very narrow range, between 2700 and 2740. A breakout above 2750 would be very positive, while a break DOWN below...
May, 18, 2018
By Lawrence G. McMillan The market continues to act much better than it did in February through April. That positive intraday reversal on Thursday, May 3rd, still stands as the day that things...
May, 14, 2018
By Lawrence G. McMillanA week ago Thursday (May 3rd), the market was on its heels as a large day-long sell program had pushed $SPX below the 200- day Moving Average. A close below that MA would...
May, 02, 2018
By Lawrence G. McMillanAs it stands today, the “Short Volatility Trade” has been watered down to a great extent. Perhaps in an effort to get ahead of the regulators, most of the Exchange Traded...
Apr, 30, 2018
By Lawrence G. McMillanOne of things I’ll always remember about the Crash of ‘87 (actually, I’ll always remember everything about the Crash of ‘87 – at least from my vantage point) was that the...
Apr, 27, 2018
By Lawrence G. McMillanA week ago it seemed that $SPX had broken out of the "box" that had contained prices for nearly a month (red box in Figure 1) and was set to challenge some resistance levels....
Apr, 23, 2018
By Lawrence G. McMillan Once again, there are questions surrounding the settlement of the CBOE volatility derivatives on this past Wednesday morning (April 18th). There was what could be...
Apr, 23, 2018
By Lawrence G. McMillanIn some ways, the market has recently shown a good deal of strength. But in other ways, it has to do more to overcome the intermediate-term bearish trend that still exists....
Apr, 17, 2018
By Lawrence G. McMillanIt may not seem like it, but $SPX has been in a wild trading range between 2585 and 2660 since March 23rd. Moreover, the range is constrained between two moving averages: the...
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