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.
Join Larry McMillan as he discusses the current state of the stock market on February 2, 2026.
Join Larry McMillan as he discusses the current state of the stock market on January 26, 2026.
This past week has seen volatile moves in both directions. First, $SPX failed to capitalize on the move to new highs a week ago, and then over last (3-day) weekend, President Trump once again announced a tariff threat. That resulted in the market throwing another "tariff tantrum" on January 20th, the first trading day after the Martin Luther King holiday. But just as that was unfolding, an agreement of sorts was reached on the Greenland issue, and the market exploded upwards.
Join Larry McMillan as he discusses the current state of the stock market on January 20, 2026.
