By Lawrence G. McMillanA week ago, it seemed that $SPX had a renewed upside momentum, as it was making new all- time highs and internal indicators were improving. But there has been no follow-through...
By Lawrence G. McMillanWe have been cautioning about a potential increase in implied volatility ($VIX) for some time. However, $VIX has essentially refused to move higher. In fact, it’s in a distinct...
By Lawrence G. McMillanAfter the monster rally of 400 points in just a few days in early August, $SPX took a few days to consolidate. Now it is making new all-time highs once again. There should be...
By Lawrence G. McMillanA little more than a week ago, the FOMC meeting concluded (on July 29th), and traders were not happy. They sold the market before and after the meeting, closing $SPX that day...
By Lawrence G. McMillanDespite one downward probe on July 29th, $SPX has managed to trade in a range and close at almost the same price every day. Near- term resistance is at 7430. After that failure...
By Lawrence G. McMillanThe market has been frustrating to many over the past two months since new all-time highs were made in early June. Bulls expected another attempt at new highs by now, while...