Join Larry McMillan as he discusses the current state of the stock market on April 29, 2024.
Join Larry McMillan as he discusses the current state of the stock market on April 15, 2024.
Join Larry McMillan as he discusses the current state of the stock market on April 15, 2024.
Join Larry McMillan as he discusses the current state of the stock market on April 8, 2024.
Things were rolling along pretty smoothly, with $SPX having made new all-time closing and intraday highs on March 28th. There was a little pullback at the beginning of this week, with a modest deterioration in some of the market internals, but it did not appear to be significant. In fact, by noon on Thursday April 4th, $SPX was well on its way to challenging those highs once again. Then, a Fed Governor (Neel Kashkari) made some hawkish statements and selling swamped the market.
Join Larry McMillan as he discusses the current state of the stock market on April 1, 2024.
Join Larry McMillan as he discusses the current state of the stock market on March 25, 2024.
This market continues to show an amazing amount of bullish strength. After having trouble at the 5180 level for about a week, $SPX broke on through after the FOMC meeting and is trading at new all-time highs once again. The 5180 levels is now support. There is further support at 5050, and since $SPX did some "work" in that 5050-5180 area for a few weeks, it is a solid support area throughout as well as the launch pad for this new leg of the rally.
