This week saw $SPX make new all-time highs once again and even cross above 7,000 for the first time in history. Was that enough to generate a clear upside breakout? No! Normally, when new highs are made especially repeatedly as they have been since November there would be some strong follow-through to the upside. That has not been the case this time around.
Join Larry McMillan as he discusses the current state of the stock market on January 26, 2026.
This past week has seen volatile moves in both directions. First, $SPX failed to capitalize on the move to new highs a week ago, and then over last (3-day) weekend, President Trump once again announced a tariff threat. That resulted in the market throwing another "tariff tantrum" on January 20th, the first trading day after the Martin Luther King holiday. But just as that was unfolding, an agreement of sorts was reached on the Greenland issue, and the market exploded upwards.
Join Larry McMillan as he discusses the current state of the stock market on January 20, 2026.
Join Larry McMillan as he discusses the current state of the stock market on January 12, 2026.
This week, $SPX traded at a new all-time high, just as it did last week. Then, it dropped -- in both cases. Normally, we'd like to see new highs confirmed by strongly positive action immediately following the day that new highs are made. That has not happened, despite mostly positive readings from our internal indicators.
Join Larry McMillan as he discusses the current state of the stock market on January 5, 2026.
The $SPX Index broke out to all-time highs just before Christmas, although the Dow ($DJX) and NASDAQ-100 ($NDX) did not. There hasn't been any follow-through to the upside by any of them. In fact, $SPX has been down for four straight days since then. The decline is still modest, but it is somewhat unusual and unsettling to falter like that just as new highs are being made.
Join Larry McMillan as he discusses the current state of the stock market on December 29, 2025.
