By Lawrence G. McMillan First and foremost, the $SPX chart still has a bearish look to it. This oversold rally has been very strong; there's no doubt about that. But oversold rallies often die out at...
By Lawrence G. McMillanXIV: The Scapegoat of The Market’s DeclineAs trading opened on Monday, February 5th, 2018, stocks had already been falling for a few days. Then on that day there was a...
By Lawrence G. McMillanIn just nine trading days, $SPX is down 9.0% and has lost 291 points. That's a lot of distance in a short time. This decline has rolled nearly every intermediate term...
By Lawrence G. McMillanStocks sold off sharply this week -- the first decline of any note since early last December. This one may have some sticking power, though, as rally attempts failed all week...
By Lawrence G. McMillanThis is something that we’ve written about twice before – first in 2011 (Volume 20, No. 16) and later in 2013 (Volume 22, No. 15). In short, one measures the advance in...
By Lawrence G. McMillanThe superlatives that are being used to describe this market are well-deserved. $SPX has advanced so fast that there really isn't any support, unless you want to declare the...
By Lawrence G. McMillanBefore you get too excited about a new volatility product, let me explain that the two new ETN’s – short-term volatility (VXXB) and intermediate-term volatility (VXZB) are...
By Lawrence G. McMillanStocks continue to advance at a rapid rate. Despite one half day of correction (down 40 points from high to low on Tuesday), $SPX has closed at new all-time highs on three of...
By Lawrence G. McMillanLast week, there was an article in the Wall Street Journal, saying that investors who have been buying protection are going to stop doing so, because of the losses incurred...
By Lawrence G. McMillanThe chart of $SPX could not be more bullish. It is in a strong uptrend, well above all of its meaningful trailing moving averages, and continually making new all-time highs....