Join Larry McMillan as he discusses the current state of the stock market on Monday, December 6, 2021.
Stocks have been down and volatile for the last week -- an unusual time of the year for that to be the case. The new omicron COVID variant is being blamed, but that was merely the catalyst for unleashing a lot of selling that has been building up. Market internals have been deteriorating for a long time.
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 29, 2021.
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 22, 2021.
Suddenly, there is once again a wide discrepancy in performance between two of the major indices -- $SPX and $NDX -- and the rest of the stock market. This is reflected by sell signals and negative readings in breadth and put-call ratios. However, the $SPX chart and the indicators involving $VIX and implied volatility remain bullish.
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 15, 2021.
The major indices have had a very strong run since the beginning of October, and especially since breaking through to new all-time highs on October 21st. Now, they are taking a "breather," and some sell signals may be setting up. Support on $SPX is likely at 4525 4550, which is still 100 points below current levels.
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 8, 2021.
Join Larry McMillan as he discusses the current state of the stock market on Monday, November 1, 2021.
Major Indices have broken out to new all-time highs. This includes $SPX, the Dow ($DJX), and NASDAQ ($NDX; QQQ) -- just barely for QQQ. The Russell 2000 ($RUT; IWM) is noticeably lagging. In any case, we use $SPX as "the market," and it is strong. This breakout has re-established a "bullish" rating for the $SPX chart.
