Join Larry McMillan as he discusses the current state of the stock market on February 18, 2025.
Stocks are still in a trading range, but barely. $SPX made a strong move on Thursday, back to the 6100 area and above, which is very near the all-time high. The all-time high is 6128 intraday and 6118 closing. The last time that $SPX tried to break out on the upside, it proved to be a false breakout, and the Index declined 200 points quickly. For the most part, $SPX has been trading between 6000 and 6100 since then, but this morning it has traded at 6127.
Join Larry McMillan as he discusses the current state of the stock market on February 3, 2025.
Join Larry McMillan as he discusses the current state of the stock market on February 3, 2025.
Join Larry McMillan as he discusses the current state of the stock market on January 27, 2025.
The inauguration of President Trump seemed to spur the market this week, after a strong rally the previous week. $SPX has now advanced well over 300 points since its upward reversal on Monday, January 13th. In doing so, it has left three gaps on its chart. Short- term gaps like that are often closed fairly quickly, but the momentum is strong now. Another close above 6100 today would be a two-day confirmation of the new upside breakout.
Join Larry McMillan as he discusses the current state of the stock market on January 21, 2025.
