Aug, 18, 2017
By Lawrence G. McMillan$SPX has broken to new lows for this move, taking out the support at 2437. That means that a test of the 2400 level is likely in the cards. There is resistance at 2480.Even...
Aug, 11, 2017
By Lawrence G. McMillanThe market averages have broken down and broken support (except for the Dow). This is the first time that can be said since this past March. We are looking at a strong...
Aug, 04, 2017
By Lawrence G. McMillanCertainly the $SPX chart is still bullish at this time, but once again $SPX is trapped in one of those tight ranges -- this time between 2460 and 2480. That range has...
Aug, 01, 2017
By Lawrence G. McMillanI’m not really big on Dow Theory because its signals seem to be rather nebulous. Even the practitioners of the Theory cannot necessarily agree on when signals occur and...
Jul, 31, 2017
By Lawrence G. McMillanWe have often talked about the seasonality of $VIX in past issues (although not for a while). Figure 5 shows the Composite $VIX for a year. A composite chart is...
Jul, 28, 2017
By Lawrence G. McMillanThe $SPX chart is unabashedly bullish. It continues to make new highs, remaining above the trailing moving averages and holding above support. Thus the intermediate-term...
Jul, 25, 2017
By Lawrence G. McMillanThis week, there has been some publicity about the fact that $VIX is (or has?) set the record for consecutive closes below 10. However, both articles that I saw (one by...
Jul, 21, 2017
By Lawrence G. McMillanBulls have been totally dominant again, over the past week (and really since last November). The gap upside breakout over the minor downtrend line (blue line in Figure 1), on...
Jul, 19, 2017
By Lawrence G. McMillanWe wrote about “years ending in 7” in the February 3, 2017, issue. The data in Figure 5 is the same graph that was published at that time. It includes data for the...
Jul, 17, 2017
By Lawrence G. McMillanWhen $SPX broke down below 2420 last week, and there was a bit of panic selling, the term structure of the $VIX futures (and of the CBOE Volatility Indices) immediately...
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