By Lawrence G. McMillanWe have repeatedly stated over the years that the S&P 500 index ($SPX) itself is the most important indicator, because even if all the other indicators are saying one thing...
By Lawrence G. McMillanReference was made in Friday's Weekly Commentary to the fact that the weighted put-call ratio is at its lowest levels since November 2014. The long-term weighted put-call...
By Lawrence G. McMillanStocks finally suffered a breakdown of sorts this week, after some extremely overbought conditions -- particularly in volatility -- had appeared. But the bulls are trying...
By Lawrence G. McMillanFor some time, we have been waiting to see if $SPX can break out on the upside. A breakout has not occurred, despite marginal new all-time closing highs (by pennies) for $SPX....
By Lawrence G. McMillanIn a move which some might call a “day late and a dollar short,” there are now going to be some products via which European volatility can be traded in the U.S. markets. ...
By Lawrence G. McMillanAs you certainly recall, after "Frexit," $SPX broke out strongly to the upside gapping up on two consecutive days (something that is quite unusual for a large-cap index)....
By Lawrence G. McMillanThe stock market had a very favorable reaction to the French election. From a technical analysis standpoint, the move also brought in buyers, since $SPX broke upwards out of...
By Lawrence G. McMillanStocks (as measured by the $SPX Index) have had plenty of chances to collapse or to rally to new highs. Instead they have done neither, frustrating both bulls and bears.In...
By Lawrence G. McMillanSome deeply mixed signals have arisen in the last week. The basic chart of $SPX remains in its frustrating trading range, while breadth and put-call ratios generate mixed...
By Lawrence G. McMillanLast week, we wrote about the term structure of the $VIX futures, and how one should heed it if it begins to invert. In that regard, we showed a chart of the...