May, 02, 2018
By Lawrence G. McMillanAs it stands today, the “Short Volatility Trade” has been watered down to a great extent. Perhaps in an effort to get ahead of the regulators, most of the Exchange Traded...
Apr, 30, 2018
By Lawrence G. McMillanOne of things I’ll always remember about the Crash of ‘87 (actually, I’ll always remember everything about the Crash of ‘87 – at least from my vantage point) was that the...
Apr, 27, 2018
By Lawrence G. McMillanA week ago it seemed that $SPX had broken out of the "box" that had contained prices for nearly a month (red box in Figure 1) and was set to challenge some resistance levels....
Apr, 23, 2018
By Lawrence G. McMillan Once again, there are questions surrounding the settlement of the CBOE volatility derivatives on this past Wednesday morning (April 18th). There was what could be...
Apr, 23, 2018
By Lawrence G. McMillanIn some ways, the market has recently shown a good deal of strength. But in other ways, it has to do more to overcome the intermediate-term bearish trend that still exists....
Apr, 17, 2018
By Lawrence G. McMillanIt may not seem like it, but $SPX has been in a wild trading range between 2585 and 2660 since March 23rd. Moreover, the range is constrained between two moving averages: the...
Apr, 09, 2018
By Lawrence G. McMillanLast week we published an article showing the different reactions of $VIX to the initial 6% drop in the stock market in early February, as compared to the 6% drop in the stock...
Apr, 09, 2018
By Lawrence G. McMillanFrom a simple point of view, this market has once again bounced off of the still-rising 200-day moving average several times. If it were to close below there,then that would be...
Apr, 02, 2018
By Lawrence G. McMillanAs far as the $SPX chart goes, the 200-day moving average (MA) has proven to be the rock that is holding the market together. It stalled the first decline back in early...
Mar, 26, 2018
By Lawrence G. McMillan$SPX has not only violated support, but it has broken its modest uptrend line (red lines on the chart in Figure 1). It also has negated its pattern of higher lows (the two...
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