Jul, 14, 2017
By Lawrence G. McMillanFirst and foremost, the most bullish of our indicators is the $SPX chart itself (although some of our other indicators seem to be grudgingly improving as well). The 2400 area...
Jul, 10, 2017
By Lawrence G. McMillanWe wrote about “years ending in ‘7'” earlier this year. The pattern is that these are bad years for the stock market, for the most part. They generally start off fine and rally...
Jul, 07, 2017
By Lawrence G. McMillanThis stock market has been able to avoid a meaningful correction for quite some time. But now $SPX has closed below support at 2420, and the failed upside breakout of mid-June...
Jun, 30, 2017
By Lawrence G. McMillanA real battle has developed around the 2420-2440 area of $SPX. That has been the trading range for the entire month of June, but recently there have been some violent moves...
Jun, 26, 2017
By Lawrence G. McMillanWe use Chandelier Stops for most of our trailing stops. We have been asked to explain how to calculate the Chandelier Stop, so here is the explanation. We use a 10-...
Jun, 23, 2017
By Lawrence G. McMillanThis past Monday, $SPX broke out to new all-time highs, smashing through the resistance area at 2440 in a strong manner. Then, just as abruptly, stocks have fallen since then...
Jun, 19, 2017
By Lawrence G. McMillanI thought it might be interesting to see how previous $VXO/$VIXMO sell signals have played out. We have written plenty about this particular signal, which occurs very...
Jun, 16, 2017
By Lawrence G. McMillanIt seems that no matter how strongly the market seems to sell off early in the day, it recovers almost all of those losses by the end of the day. As a result, the $SPX chart...
Jun, 09, 2017
By Lawrence G. McMillanA week ago, on Thursday, $SPX had broken out strongly to a new all-time high. It followed up with a modestly positive day the next day. On both days, "stocks only" cumulative...
Jun, 02, 2017
By Lawrence G. McMillanThe market has roared to new all-time highs. This brute force market strength belies sell signals and a certain amount of general negativity in many of the other indicators....
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