Free Analysis Tools

Market Commentary

By Lawrence G. McMillan

The stock market has rocketed back from a sharp selloff last week.  At first, this appeared to be an oversold rally, but now it is picking up steam.  Thus, it appears that it could be another intermediate-term bullish move, if one final thing falls into place: the $SPX chart must clearly turn positive.

Meanwhile, equity-only put-call ratios rolled over to buy signals as of October 20th.  From Figures 2 & 3, you can see that there was heavy put buying during the market's decline, and these ratios rose sharply to extremely high levels.

Market breadth had been weak all summer.  Regardless, both breadth oscillators rolled...

Featured Products

Recorded Intensive Option Webinar:  Modern Portfolio Protection

Learn ways to try protecting yourself from the next market crash with this 2 hour seminar download

In this seminar, we will explore the various ways that options can be used to hedge...

Recorded Intensive Option Webinar:  Volatility Trading

A 4 hour seminar download detailing various volatility trading strategies

The main focus of this 4 hour seminar is not speculation, per se (although there will some discussion of it), but...

Probability Calculator Screenshot

Simulate the probability of making money in your stock or option position.

McMillan’s Probability Calculator is low-priced, easy-to-use software designed to estimate the...

The Option Strategist Newsletter

Analysis, Commentary, Education, and Specific Trading Recommendations

In its 23rd year of publication, The Option Strategist newsletter remains one of the...

Daily Volume Alerts Image

Daily option picks based on unusual option activity

Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...

Option WorkBench

Serious Tools for Serious Option Traders

Option Workbench enables you to seek success in the options markets by giving you the potential to analyze volatility, risk and trading strategies...

Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results.
Visit the Disclosure & Policies page for full website disclosures.