Dec, 30, 2015
By Lawrence G. McMillanFXCM is a trading firm that basically blew up when the Swiss Franc was revalued, a year ago. At the time, the stock fell from 17 to nearly zero, before it was rescued by...
Dec, 29, 2015
By Lawrence G. McMillanRecently, the CBOE’s Volatility Index ($VXST) closed above all three of the other CBOE Volatility Indices. At the time, it struck me as being a rather rare occurrence,...
Dec, 28, 2015
By Lawrence G. McMillan$SPX has now climbed slightly above its declining 20-day moving average, and that is where oversold rallies usually die out. Despite the strength of the last week, $SPX has not...
Dec, 18, 2015
By Lawrence G. McMillanStock market volatility continues to be above-average. The oversold rally that took place earlier this week seems to have run out of steam.The $SPX chart is now showing lower...
Dec, 14, 2015
By Lawrence G. McMillanBreadth is the difference between advancing issues and declining issues, usually measured on a daily basis. Since the major averages only reflect what has happened to a...
Dec, 11, 2015
By Lawrence G. McMillanSo far in December, we've seen volatile $SPX daily moves of +22, -23, -30, +42, followed by a 4-day decline of 75 points. There is resistance at 2100 (the late November peak)...
Dec, 04, 2015
By Lawrence G. McMillanThe $SPX chart now has heavy resistance in the 2080-2100 area, where it spent most of the previous two weeks. The support at 2020 (November lows) is still in place as well,...
Nov, 30, 2015
By Lawrence G. McMillanThere has been a fair amount of talk lately about how large capitalization stocks are the main reason that this market is still near all-time highs, in terms of the larger...
Nov, 27, 2015
By Lawrence G. McMillanThe market is struggling to maintain the rally that began with an abrupt V-bottom on November 16th. It may be merely an oversold rally.From a larger perspective, $SPX has...
Nov, 20, 2015
By Lawrence G. McMillanThe stock market, as measured by the S&P 500 Index ($SPX), did a complete about-face this week, despite the terrorist atrocities after the market closed last Friday.The...
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