Join Larry McMillan as he discusses the current state of the stock market on April 15, 2024.
For quite some time the $SPX chart has been able to rely on support at 5050. The market traded in an area between 5050 and 5180 for nearly a month from mid-February through mid-March. But now that 5050 level has been breached, and selling has intensified. The fact that $SPX was trying to hold that 5050 level for several days means that it has now become resistance. There are other resistance levels at 5150 and 5260, the all-time highs.
Join Larry McMillan as he discusses the current state of the stock market on April 15, 2024.
Join Larry McMillan as he discusses the current state of the stock market on April 8, 2024.
Things were rolling along pretty smoothly, with $SPX having made new all-time closing and intraday highs on March 28th. There was a little pullback at the beginning of this week, with a modest deterioration in some of the market internals, but it did not appear to be significant. In fact, by noon on Thursday April 4th, $SPX was well on its way to challenging those highs once again. Then, a Fed Governor (Neel Kashkari) made some hawkish statements and selling swamped the market.
We have had a proprietary volatility premium indicator in place for some time. Now, we are going to begin to use it in a trading system that we have developed.
Join Larry McMillan as he discusses the current state of the stock market on April 1, 2024.
Short volatility strategies attract traders seeking profits during low or decreasing volatility periods, making them appealing in quiet market settings. This appeal has contributed to the renewed popularity of Short Volatility ETNs such as SVXY today.
