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Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...
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This article was originally published in ...
A couple of years ago, we put together some facts and came up with an “early warning" sell signal, based on...
Join Larry McMillan as he discusses the current state of the stock market on Monday, January 11th, 2021.
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By Lawrence G. McMillan
On Monday, January 4th, the new year got off to a rocky start as selling built and exploded into a 90+ point selloff in $SPX. However, the decline bottomed at 3662, and the market has been rallying ever since. That brief selloff seems to have rejuvenated the market, and not only are new all-time highs being made, but they have been accompanied once again by rapidly expanding breadth.
When $SPX bottomed on Monday, it was just above the previously noted support area of 3630 3650. So that entire area is now important support.
Equity-only put-call ratios continue to rise, and thus they are on sell signals. However, we have not acted on these sell...