Dec, 10, 2018
By Lawrence G. McMillanThe action in the stock market is getting more volatile, at least in realized terms (implied volatility has not kept pace). The bottom line is that resistance at 2800-2820 has...
Nov, 30, 2018
By Lawrence G. McMillanThere have been a number of positive developments in the past week or so: buy signals, oversold conditions producing rallies, and so forth. But the primary concern is how the $...
Nov, 23, 2018
By Lawrence G. McMillanThe $SPX chart remains bearish. This week's action did not decline far enough to be a test of the October lows. The support area at 2580-2600 remains the bulls' best hope at...
Nov, 19, 2018
By Lawrence G. McMillanIf you enjoy seasonal trading patterns, they abound from the end of October (the “October Seasonal,” which was strong this year), through the beginning of the new year (the “...
Nov, 16, 2018
By Lawrence G. McMillanSeveral times, we have mentioned the fact that in a bear market, there is usually selling in October, followed by a strong October Seasonal rally, and then a failure of that...
Nov, 16, 2018
By Lawrence G. McMillanA break of support at 2580-2600 would likely augur for a retest of the February lows at 2530. A failure there, and the real bear market should unfold -- but perhaps not until...
Nov, 09, 2018
By Lawrence G. McMillanThis week saw the ninth biggest one-day point gain in the $SPX in history, as it rose 58.44 points on Wednesday. With that, $SPX had rallied over 200 points in a straight up...
Nov, 09, 2018
By Lawrence G. McMillanOn Wednesday, $SPX made a huge move to the upside, rising 58.44 points in a massive display of buy programs that lasted right into the closing bell. Is this the way the market...
Nov, 02, 2018
By Lawrence G. McMillanSome very wide (and wild) swings have taken place in the market in the last week. Has this changed anything as far as the intermediate-term trend goes? Probably not, but it...
Oct, 26, 2018
By Lawrence G. McMillanConventional wisdom holds that October is a bear killer. That is, the market starts to head south in September, accelerates in early October, and then bottoms some time in...
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