By Lawrence G. McMillan$SPX has risen for eight days in a row and is off to a positive start today, which would make it nine. This type of action has been accompanied by buy signals from breadth,...
By Lawrence G. McMillanIn a market environment where volatility is the norm, traders need flexible strategies that adapt to changing conditions. One such strategy is the butterfly spread, a time-...
By Lawrence G. McMillanA new setup has occurred in Tesla (TSLA) using the weekly McMillan Volatility Bands (MVB). TSLA closed back above its +3σ (three sigma) band, indicating a potential shift in...
By Lawrence G. McMillanThis week’s earnings calendar is even heavier than last week’s, setting up plenty of potential opportunities for pre-earnings straddle buys. Many stocks are showing the classic...
By Lawrence G. McMillanIt really feels like the market is rallying strongly, and perhaps the bottom is in. But the evidence is not clear on that. Even though $SPX has rallied nearly 400 points from...
By Lawrence G. McMillanStocks are trying to rally but so far, rallies have merely been of the oversold variety short-term affairs which only carry back to about the declining 20-day moving average....
By Lawrence G. McMillanThis article was originally published in The Option Strategist Newsletter on 7/30/2021.One of the tougher choices an option trader faces is what to do with a profitable...
By Lawrence G. McMillanLast week, the market experienced both a 90% down day and a 90% up day—an uncommon and potentially concerning combination. These “90% days,” defined by extreme imbalances in...