Blogs

Could NASDAQ Make New Highs? ($NDX)

By Lawrence G. McMillan

When the tech boom of the 1990's collapsed, the NASDAQ Composite Index ($COMPQ) and other related indices (NASDAQ 100: $NDX) and their ETF’s (QQQ) collapsed as well. The highs that were set in 2000 seemed as if they would never be breached, and they haven’t been – so far. But with nearly everything else having recovered to new all-time highs, one wonders if the same could happen for the NASDAQ indices.

For the record, here are the peaks, peak dates, and current prices:

Weekly Stock Market Commentary 12/12/14

By Lawrence G. McMillan

Various indicators have been turning bearish since mid- November. But until this week, $SPX itself had not broken down, and since price is "king," that was quite important. However, now $SPX has broken down, as it has fallen below support at 2050. This completes a bearish pattern, and a full-fledged correction is underway. This could be sharp and short-lived, and since it is taking place late in the calendar year (when seasonal bullishness occurs), that is probably the case.

Introducing Option Workbench 4.0 - Free Trial Available

The latest release of Option Workbench has a new look and feel and contains a ton of new features including earnings data, position editor enhancements, position creation, position management and a portfolio monitor. A one month free trial is now available by clicking here and using Coupon Code: FreeOWB.

Read the release notes below for a  more detailed explanation and watch the video.

Weekly Stock Market Commentary 12/5/14

By Lawrence G. McMillan

The stock market, as measured by the Standard & Poors 500 Index ($SPX), sold off for a couple of days and then rebounded quickly to new all-time intraday and closing highs.  However, sell signals and overbought conditions abound, so all is not bullish.

With $SPX making new all-time highs, its chart is bullish, and the trend of the market is higher. Price is the most important indicator. That has not changed.  

The Option Strategist Newsletter Volume 23, No. 22 Preview

By Lawrence G. McMillan

The feature article discusses a protection technique – collar buying – that is favored by many sophisticated stock owners, including institutional traders.  

Weekly Stock Market Commentary 11/28/14

By Lawrence G. McMillan

The stock market, as measured by the Standard & Poors 500 Index ($SPX) continues to march upward at a dizzying pace. The market is overbought, and if $SPX violates support at 2060, we could finally see a correction.

Equity-only put-call ratios remain on buy signals. You can see from Figures 2 and 3 that the ratios are still trending downward. That is bullish.

Both of the breadth indicators remain on buy signals, and they are modestly in overbought territory.

Time For Collars?

By Lawrence G. McMillan

With the stock market at all-time highs, and many stock holders sitting on large gains, thoughts often turn to options as a hedging technique. For stock owners, there are two ways to provide protection to a portfolio: 1) macro protection, which involves the use of index options to hedge a entire portfolio’s risk, or 2) micro protection, which involves the use of individual options on each stock in the portfolio.

McMillan Announces 2014 Black Friday Specials

We will be offering some pretty great discounts on McMillan's top educational products as part OptionStrategist.com's Black Friday promotion.

Weekly Stock Market Commentary 11/21/14

By Lawrence G. McMillan

The stock market advance is relentless.  It has refused to correct for more than a day since bottoming over a month ago and over 230 points lower., but it is up another 12 points in overnight trading as I write this.  The chart of $SPX is bullish because it remains in an uptrend.

Equity-only put-call ratios remain on buy signals, as they continue to drop sharply almost daily.    

Binary Options - The ByRDs Are Coming! Part 2 - Option Education Video

Join Stan Freifeld, Director of Corporate Services and head option mentor at McMillan Analysis Corporation for this complimentary webinar event. Binary Return Derivatives (affectionately known as ByRDs) are now scheduled to begin trading before yearend 2014. This new and innovative product has characteristics that are similar to Puts and Calls but there are also some significant differences. Join Stan as he discusss these new binary options and strategies for trading them.

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