Mar, 29, 2019
By Lawrence G. McMillanAs it stands now, $SPX is in a trading range between those extremes of the past week: 2785 to 2860. Indicators have become mixed during this pullback, so probably the best...
Mar, 25, 2019
By Lawrence G. McMillanFinally, $SPX has broken out over the heavy resistance at 2820. The breakout wasn't as resounding as expected, and we are in the process of retesting the breakout zone (2800 is...
Mar, 15, 2019
By Lawrence G. McMillanMany volatility traders – we are among them – complained about the lack of response by volatility derivatives during last fall’s market decline. That was especially true...
Mar, 15, 2019
By Lawrence G. McMillanSome are saying that a bullish interview by Fed Chairman Powell on 60 Minutes last Sunday was the launchpad for the rally this week. Whatever the reason, it is apparent that...
Mar, 12, 2019
By Lawrence G. McMillanThis past Monday, March 4th, $SPX made another attempt to challenge the resistance at 2820. It got as high as 2816 -- essentially the same levels as last October and November...
Mar, 04, 2019
By Lawrence G. McMillanStocks have run into a bit of a roadblock this week, as the resistance in the 2800-2820 area on the $SPX chart has proven to be rather formidable. Of course, it didn't help the...
Feb, 22, 2019
By Lawrence G. McMillanStocks have continued to push higher, setting up a challenge of the major resistance at 2800-2820. A lot of people are watching that area with some apprehension (as are we), so...
Feb, 15, 2019
By Lawrence G. McMillan$SPX continued its phenomenal post-Christmas rally (which to date has registered over 400 points of gains), but has still not broken through resistance at 2820. Unless that...
Feb, 08, 2019
By Lawrence G. McMillanThe first signs of bearishness are beginning to creep into the superbly strong rally that has taken place since Christmas. $SPX rallied into the 2720-2740 area this week, which...
Feb, 01, 2019
By Lawrence G. McMillanWe have written repeatedly about the similarities between the markets of late 2000 and early 2001, ascompared to late 2018 and early 2019. Those comparisons are still valid.The...
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