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.
Join Larry McMillan as he discusses the current state of the stock market on June 20, 2023.
Now that $SPX has broken out of the extended trading range (essentially 3800-4200, which lasted for over six months), it is gaining momentum as traders are trying to "catch up." This is beginning to create overbought conditions, but "overbought does not mean sell."
Join Larry McMillan as he discusses the current state of the stock market on June 12, 2023.
Join Larry McMillan as he discusses the current state of the stock market on June 5, 2023.
