Join Larry McMillan as he discusses the current state of the stock market on March 9, 2026.
The bulls are fiercely defending the 6720 area, which is the lower end of the trading range and is also the December low. The bottom line is that swing traders who are buying the 6700- 6800 area and selling the 6900-7000 area continue to profit, while traders waiting for a momentum breakout are increasingly frustrated.
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.
Join Larry McMillan as he discusses the current state of the stock market on February 2, 2026.
