Join Larry McMillan as he discusses the current state of the stock market on March 2, 2026.
Despite some ugly days, or parts of days, $SPX continues to find support at or near 6800. On the other side of the range, sellers become more aggressive the closer that $SPX gets to 7000. The result is that $SPX is still trapped in the 6720-7000 trading range, as it has been since last November.
Join Larry McMillan as he discusses the current state of the stock market on February 23, 2026.
Stocks continue to trade in a tight range, with a ceiling near 7000 and strong support in the 6720-6800 range. Eventually a breakout will occur, but until it does, expect more of the same.
Equity-only put-call ratios remain quite bearish, in that they have steadily risen since late January. Even on up days, put buying is relatively heavy. This is by far our most bearish indicator at the current time.
Join Larry McMillan as he discusses the current state of the stock market on February 17, 2026.
The schizophrenia of this market is really something else. On bad days, it looks like the world is imploding, but then it bounces right back. Meanwhile, it has been unable to break out over 7000 in any meaningful fashion. So that is a major resistance area. There is support at 6800 and 6720.
Join Larry McMillan as he discusses the current state of the stock market on February 9, 2026.
Volatility has increased with the failure once again of $SPX to clearly break out to new all-time highs. It last made a marginal new all-time intraday high on January 28th. SPX continued to probe those highs and then fell back. That established resistance near 7000. At that point, selling accelerated, taking $SPX down to 6780 at the close on Feb 5th, from where it has bounced strongly today.
Join Larry McMillan as he discusses the current state of the stock market on February 2, 2026.
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.
