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Mar 10 2019
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Sep 26 2019
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Recent Blogs
Jan 18
By Lawrence G. McMillan
Last year (2018) was a very interesting year in a number of respects. One of those was the behavior of volatility...
Jan 18
By Lawrence G. McMillan
The oversold rally has carried farther than many had expected. This is not too surprising, for the market is...
Jan 11
By Lawrence G. McMillan
We often talk about how the stock market usually trends in the opposite direction from volatility ($VIX). But how...
By Lawrence G. McMillan
The oversold rally has carried farther than many had expected. This is not too surprising, for the market is attempting to fool as many people as it can. We have participated in this rally, in accordance with the buy signals from our various short-term indicators and those indicators are still on buy signals. We thus expect the short-term rally to continue.
But the $SPX chart is still negative. There is still a pattern of lower highs and lower lows, occurring beneath a declining 200-day Moving Average. That is a bearish chart. There is clearly support at 2350, the late December lows. On the upside, $SPX has overcome the resistance at 2600 and is...