fbpx S&P 500 | Option Strategist
Home » Blog Tags » Category » S&P 500

Weekly Stock Market Commentary 12/22/2023

By Lawrence G. McMillan

There was finally a correction of sorts this week, as some late afternoon selling on December 20th ballooned into a 70-point decline in a matter of less than two hours. Considering that the market had been more or less straight up for days even weeks and it was thus quite overbought, it was not a total surprise to see something of that nature.

Weekly Stock Market Commentary 12/8/2023

By Lawrence G. McMillan

The broad market is not giving up on the monster rally that occurred in November. While there has been resistance at the 2023 highs, there has not been much of a pullback from there. That is the 4600 level roughly, and if it is decisively broken through on the upside, the next target will be the all-time highs at 4800.

Pages