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Weekly Stock Market Commentary 5/2/14

By Lawrence G. McMillan

The stock market is stalled at the high end of its trading range (1810-1900). There is near-term support at last Monday's low of 1850.

Equity-only put-call ratios remain split.  The weighted ratio continues to decline from a recent high, and that means it's on a buy signal, while the standard ratio remains on a sell signal.

Neutralizing Greeks with Stan Freifeld- Option Education Video

Learn to put on the option position you really want with this one hour+ educational option video. Join Stan Freifeld, Director of Corporate Services and head option mentor at McMillan Analysis Corp., as he discusses his progress on a concept that he refers to as Neutralizing Greeks. Before entering a trade, traders will (or at least should) use the Greeks to determine where the significant risks are lurking.

Using Options to Generate Income and Protect Stocks Interview by Stan Freifeld

Stan Freifeld

MAC Mentoring head director and instructor Stan Freifeld was recently interviewed on Ken Robert's Bulls and Bears Report. Stan discusses some basic option strategies you can use to generate income and protect your stocks. Listen to the interview below.

The Option Strategist Newsletter Volume 23, No. 08 Preview

By Lawrence G. McMillan

There is only going to be one issue published in May – on the 4th Thursday, May 22nd.  We are planning for that to be a “double issue.”  The reason for this change in the publication schedule is an extensive travel schedule from April 30th through May 15th, which will not allow time for publication of a formal issue.  The weekly Hotline updates will continue throughout this time, without interruption.  

Volatility Index Crossovers ($VXV $VXST $VIX)

By Lawrence G. McMillan

Recently, it came to light that some traders follow the 90-day $VIX (Symbol: $VXV) because when the “regular” $VIX exceeds the 90-day $VIX, worthy market signals are generated.  Recently (Volume 23, No. 4), we discussed what happens when the Short-Term Volatility Index ($VXST) crosses above $VIX.  There are some similarities in these two cases.

Weekly Stock Market Commentary 4/25/14

By Lawrence G. McMillan

The stock market is once again nearing all-time highs, although it has not broken out (yet). If $SPX can't punch on through to new highs, then it will remain within the widened trading range. At this point, most of the technical indicators are bullish, so we would expect at least an attempt to challenge the highs.

Equity-only put-call ratios have remained on sell signals for over a month now. That is beginning to change, as the ratios are starting to roll over.

Option Workbench Filter Formula Workshop (Video)

In this one hour tutorial, Option Workbench creator Craig Hilsenrath demonstrates not only how to use the premade watch lists, formulas and filters to scan for trading candidates but also shows you how to create your own with ease. See the video below or click here.

Option Workbench 4.0 Preview

Join Craig Hilsenrath at the eMoneyShow as he previews the new capabilities of the upcoming 4.0 release of the powerful Option Workbench. Get comfortable with the new look of the software, discover the new earnings data tied into the expected value concept, and learn how to execute and manage trades right in Option Workbench. Register at the eMoneyshow today.

Short-Term Volatility Index ($VXST) Options Begin Trading

By Lawrence G. McMillan

As subscribers know, the CBOE created the Short-Term Volatility Index ($VXST) earlier this year.  It is a 9-day average volatility as opposed to a 30-day average volatility, which is what $VIX is.  Moreover, $VXST futures started trading about two months ago, on February 13th.

Weekly Stock Market Commentary 4/18/14

By Lawrence G. McMillan

The stock market abruptly ended its decline of a week ago and rallied all week. Wednesday's strongly higher opening turned into an overall bullish day, and as a result a number of indicators rolled over to buy signals or generated new buy signals as well.

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.
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