Sep, 14, 2018
By Lawrence G. McMillan$SPX pulled back to its still-rising 20-day moving average, which was at about 2870 and that was been about the extent of the correction. As a result, the chart of $SPX...
Sep, 07, 2018
By Lawrence G. McMillanThe negative seasonality of September seems to be weighing on the stock market. This has caused $SPX to pull back towards support at 2860-2870. So far, that support has held....
Sep, 04, 2018
By Lawrence G. McMillanOn the first four days of this week, $SPX closed at a new all-time high each day. It was accompanied by strength in the other indicators to confirm the breakout. However, some...
Aug, 24, 2018
By Lawrence G. McMillanLast week, we wrote extensively about the similarities between the current market and the market of the summer of 2000. In 2000, $SPX rallied back to its old highs,...
Aug, 24, 2018
By Lawrence G. McMillanIt was just over a week ago that $SPX was having some trouble and was testing the 2800 level (August 15th). That test was successful, and the Index has been pressing the...
Aug, 17, 2018
By Lawrence G. McMillanPerhaps the market is merely recharging its batteries for another push higher, but action had generally been lackluster until yesterday's large rally. Once $SPX failed three...
Aug, 13, 2018
By Lawrence G. McMillanThe double top in $SPX in 2000 led to a huge bear market. Could it be happening again? To their credit, I have heard a few (very few) market commentators on TV mention the fact...
Aug, 13, 2018
By Lawrence G. McMillanStocks continue to press onward, trying to reach the January highs at 2870. Volatility has slowed tremendously, giving the impression that $SPX is struggling to reach those old...
Aug, 03, 2018
By Lawrence G. McMillanWhile the $SPX chart remains bullish, in that it is in an upward-sloping channel, there are some troubling signs beginning to appear, including a verified "modified Bollinger...
Jul, 23, 2018
By Lawrence G. McMillanWhen $SPX broke out above 2740 two weeks ago and then followed that with a breakout over 2790, it seemed that further gains were certain. However, the market has stalled just...
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