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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...
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...
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...
Market Decline
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...
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...
By Lawrence G. McMillanPrices were all over the map on Friday, as traders tried to lessen their risk heading into a long 3-day weekend.  In the end, $SPX was little changed.  Over the...
By Lawrence G. McMillan First and foremost, the $SPX chart still has a bearish look to it. This oversold rally has been very strong; there's no doubt about that. But oversold rallies often die out at...
XIV VXX
By Lawrence G. McMillanXIV: The Scapegoat of The Market’s DeclineAs trading opened on Monday, February 5th, 2018, stocks had already been falling for a few days.  Then on that day there was a...
By Lawrence G. McMillanIn just nine trading days, $SPX is down 9.0% and has lost 291 points. That's a lot of distance in a short time. This decline has rolled nearly every intermediate term...
By Lawrence G. McMillanStocks sold off sharply this week -- the first decline of any note since early last December. This one may have some sticking power, though, as rally attempts failed all week...

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