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S&P 500

Weekly Stock Market Commentary 7/31/2020

By Lawrence G. McMillan

The stock market has remained in a fairly tight range ever since breaking out over resistance at 3185 in mid-July. This has had the effect of reducing realized volatility (more about that later), as well as frustrating both bulls and bears. There is overheard resistance at 3280 (the July highs) and there is support at 3185 and below that, at 3155.

Larry McMillan Stock Market Update Video 7/27/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, July 27th, 2020.

Weekly Stock Market Commentary 7/24/2020

By Lawrence G. McMillan

Stocks have managed to overcome each resistance level with some effort but have not been able to accelerate to the upside. $SPX has encountered resistance at 3155, 3185, 3235, and now 3280 (or just below). Hence the advance has been -- choose your favorite adjective -- labored, halting, tired, or merely stairstep. Whichever one you choose, none have resulted in a strong breakout. But the $SPX chart will remain bullish until support in the 3100-3130 area is broken.

Larry McMillan Stock Market Update Video 7/20/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, July 20th, 2020.

Larry McMillan Stock Market Update Video 7/13/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, July 13th, 2020.

Weekly Stock Market Commentary 7/10/2020

By Lawrence G. McMillan

This week, $SPX overcame the previous resistance at 3155 and appeared ready to take off. But then it faltered again, at roughly the 3185 level. Hence it is still in a trading that extends from 2920 to 3230. A decisive breakout of that range in one direction or the other will likely signal the next large directional move.

Larry McMillan Stock Market Update Video 7/6/2020

By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on Monday, July 6th, 2020.

Weekly Stock Market Commentary 7/2/2020

By Lawrence G. McMillan

The S&P 500 Index ($SPX) has been bouncing back and forth in a trading range for several weeks now. So, for now, $SPX is trading between 2965 and 3155. A wider trading range could probably be justified as well: 2920 on the downside and 3184 on the upside. 2920 was the top of the April-May trading range, and 3184 would close the gap on the island reversal. Either would be significant for a potential breakout, but until that occurs, we can expect continued volatile price action within the current range.

Introducing: McMillan Spike-Peak Index Buy Signals

By Lawrence G. McMillan

We're proud to announce our latest charting indicator for www.Tradingview.com. The McMillan Spike-Peak Index Buy Signal is a must-have tool for both the active trader as well as the longer-term investor.  These long-only signals provide timely entries in both up-trending and down-trending markets.  The active trader can utilize these signals in the way McMillan has for well over 20 years -- through the use of leveraged options trades.

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