Oct, 26, 2018
By Lawrence G. McMillanConventional wisdom holds that October is a bear killer. That is, the market starts to head south in September, accelerates in early October, and then bottoms some time in...
Oct, 26, 2018
By Lawrence G. McMillanHeavy selling continues to engulf the market on most days. The next support level appears to be roughly in the 2580-2600 area, which is the closing lows of February and April...
Oct, 19, 2018
By Lawrence G. McMillanMarket shocks can come in a variety of forms. Sometimes the market is wary that a correction might occur. Sometimes it is blissfully unaware of the dangers that lie ahead....
Oct, 19, 2018
By Lawrence G. McMillanAfter two horrendous days on October 10th and 11th, the market experienced a solid oversold bounce. Some buy signals were even generated from that bounce, but now it seems to...
Oct, 15, 2018
By Lawrence G. McMillanFor the second time this year, the stock market has suffered a severe decline in an unusually short period of time. Declines like this used to take weeks, and now they occur in...
Oct, 05, 2018
By Lawrence G. McMillanFor the first time since late June, $SPX had a serious down day in hand, but the bears let some of it slip away as prices rallied strongly in the last two hours of the day....
Sep, 28, 2018
By Lawrence G. McMillanThis market is becoming truly divergent as the number of negative indicators and their strength is increasing, but $SPX prices (and those of other indices) have not broken down...
Sep, 21, 2018
By Lawrence G. McMillanStocks had broken out to new all-time highs (at least for $SPX) in late August. Then, a minor correction saw a pullback and test of the breakout level at 2860-2870. That held...
Sep, 14, 2018
By Lawrence G. McMillan$SPX pulled back to its still-rising 20-day moving average, which was at about 2870 and that was been about the extent of the correction. As a result, the chart of $SPX...
Sep, 07, 2018
By Lawrence G. McMillanThe negative seasonality of September seems to be weighing on the stock market. This has caused $SPX to pull back towards support at 2860-2870. So far, that support has held....
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