By Lawrence G. McMillanThe week leading up to the Fourth of July holiday was a “perfect storm” of bullish activity, or at least it turned out that way. There were several technical,...
By Lawrence G. McmillanFriday wound up one of the strongest weeks in stock market history. It was a perfect storm of events, topped off by a pre-holiday, thin trading session on the first day of the...
By Lawrence G. McMillanA huge stock market rally developed this week, due to a number of factors. The S&P500 Index ($SPX) entered the week in a downtrend. Depending on how you look at...
By Lawrence G. McMillanIf the current rally levels hold, it will improve the $SPX chart to neutral, removing the "bearish" designation that we have had on it for weeks. In fact, if $SPX can...
Weekly put option sales have been added to the analyses in The Strategy Zone (SZ) and in the Option Work Bench (OWB). Subscribers to The Daily Strategist that follow our weekly SPY sales, are up...
By Lawrence G. McMillanOversold conditions had built up over the past couple of weeks, and they finally spurred a decent rally -- mostly all in one day this week (Tuesday).The chart of $SPX itself...
By Lawrence G. McMillan
After some major oversold conditions developed, the stock market managed two tepid rally days and then one strong one. That brought the Standard...
By Lawrence G. McMillanThe following was excerpted from the market commentary in this morning's Daily Volume Alerts Newsletter, which is sent out each morning before the market opens.Even though the...
By Lawrence G. McMillanAfter a shaky overnight session, when S&P futures traded down 10 points at one time, and some opening jitters today (when $VIX traded above 23), the market has settled down...