Start the trading day with McMillan's concise analysis of the broad stock market and our current market outlook.

The McMillan Morning Market Commentary focuses on four of our primary market indicators:

• S&P 500 ($SPX) Price Action – Key support and resistance levels, trends, breakouts and other important technical developments.
• Volatility ($VIX) – What volatility levels and signals are telling us about the current market environment.
• Equity-Only Put-Call Ratios – Analysis of both the standard and weighted ratios to identify changes in market sentiment.
• Market Breadth – The strength of participation behind market advances and declines.

These are our primary areas of focus, but they are not the only indicators we follow. When appropriate, our commentary incorporates additional McMillan systems, indicators and trading signals to provide a more complete picture of the current market environment.

Each morning commentary generally recaps the previous day's market action, covers significant overnight developments, highlights important levels and signals, and explains our current short-term — and, when appropriate, longer-term — market outlook.

The goal is simple: give you a clear picture of where the market stands and what we're watching next.

A Deeper Look Every Friday

On Fridays, the regular Morning Market Commentary is replaced by our Weekly Market Commentary, generally published around noon.

This more comprehensive report takes a deeper look at the market, expanding on the week's price action, volatility, put-call ratios and breadth, along with other relevant McMillan indicators, systems and trading signals.

The Weekly Market Commentary provides a fuller assessment of the current market environment, bringing together the week's developments and our indicators to put the bigger picture into perspective and outline what we're watching in the week ahead.

Your Subscription Includes

• Morning Market Commentary updates Monday through Thursday
• Comprehensive Weekly Market Commentary each Friday
• McMillan's current broad-market outlook
• Analysis of $SPX, $VIX, put-call ratios, market breadth and other McMillan indicators and signals
• Subscriber-only access to the complete commentary archive

Daily Strategist subscribers: McMillan Morning Market Commentary, including the Friday Weekly Market Commentary, is already included with your subscription at no additional cost.