By Lawrence G. McMillanThings seemed so promising on Tuesday, when $SPX traded at new all-time intraday and closing highs. But almost immediately after the market closed that day, selling set in....
By Lawrence G. McMillanWe continue to see articles almost daily about the potential negatives in this market – especially in volatility. Yet all these are really doing is identifying overbought...
By Lawrence G. McMillanThe stock market continues to be range-bound. $SPX is still solidly between support at 7580-7620 and resistance at 7780-7820. Those are the two red horizontal lines on the...
By Lawrence G. McMillanIt is said that a bull market climbs a Wall of Worry. In the modern context, this statement remains true of course, but also encompasses $VIX. In the past weeks, we have...
By Lawrence G. McMillanThis market continues to be one with a huge split between the technical indicators. The market internals (breadth, put-call ratios, New Highs vs. New Lows) remain in terrible...
By Lawrence G. McMillanThis past week saw further deterioration -- by the $SPX Index as well as the internal indicators. $SPX sold off, but then tried to snap back with a big rally on Thursday, but...
By Lawrence G. McMillanWe’re excited to introduce McMillan Morning Market Commentary, a new subscription designed to give traders and investors a concise look at the broad stock market and our...