Join Larry McMillan as he discusses the current state of the stock market on August 14, 2023.
It took the catalyst of Fitch downgrading the debt rating of the US from AAA to AA+ in order to generate some heavy selling in stocks. So far, most of the damage has been limited to just one day, but that was enough to confirm sell signals from several overbought areas.
Join Larry McMillan as he discusses the current state of the stock market on July 31, 2023.
Join Larry McMillan as he discusses the current state of the stock market on July 24, 2023.
Join Larry McMillan as he discusses the current state of the stock market on January 29, 2024.
Join Larry McMillan as he discusses the current state of the stock market on July 3, 2023.
Join Larry McMillan as he discusses the current state of the stock market on June 26, 2023.
When $SPX broke out over 4300 on June 9th, a strong rally was unleashed. Perhaps that rally got carried away, as several indicators moved into overbought territory, and the Index itself traded above its +4sigma "modified Bollinger Band" (mBB). That exhausted a lot of buying power it seems, and now the Index is pulling back.
