Apr, 17, 2018
By Lawrence G. McMillanIt may not seem like it, but $SPX has been in a wild trading range between 2585 and 2660 since March 23rd. Moreover, the range is constrained between two moving averages: the...
Apr, 09, 2018
By Lawrence G. McMillanLast week we published an article showing the different reactions of $VIX to the initial 6% drop in the stock market in early February, as compared to the 6% drop in the stock...
Apr, 09, 2018
By Lawrence G. McMillanFrom a simple point of view, this market has once again bounced off of the still-rising 200-day moving average several times. If it were to close below there,then that would be...
Apr, 02, 2018
By Lawrence G. McMillanAs far as the $SPX chart goes, the 200-day moving average (MA) has proven to be the rock that is holding the market together. It stalled the first decline back in early...
Mar, 26, 2018
By Lawrence G. McMillan$SPX has not only violated support, but it has broken its modest uptrend line (red lines on the chart in Figure 1). It also has negated its pattern of higher lows (the two...
Mar, 20, 2018
By Lawrence G. McMillanAn optimist would still see the bullishness in the $SPX chart, with the higher highs (mid-March vs. late February) and the higher lows. A pessimist would see failure to break...
Mar, 12, 2018
By Lawrence G. McMillanThe $SPX chart has improved greatly. The 20-day moving average and the "modified Bollinger Bands" have curled upwards. That is a very positive development, for that aspect of...
Mar, 06, 2018
By Lawrence G. McMillanThe first thing to note is that the $SPX chart is still negative. The chart in Figure 1 clearly has downtrending moving averages and Bollinger Bands. Those are dominating the...
Feb, 26, 2018
By Lawrence G. McMillanAs trading opened on Monday, February 5th, 2018, stocks had already been falling for a few days. Then on that day there was a major decline – the largest drop in point...
Feb, 23, 2018
By Lawrence G. McMillan At least one cannot say the market is boring, as might have been said a month ago. The daily ranges are still large, with both buy and sell programs springing up out of...
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