By Lawrence G. McMillanThese are two Exchange Traded Notes (ETN’s) that attempt to hedge a long “stock market” portfolio by using a long volatility component. We have written...
By Lawrence G. McMillanThe feature article is brief this time, but it is pertinent in that a potential buy signal has just set up in the Total put-call ratio – or has it? It doesn’t...
By Lawrence G. McMillanWe have very well-defined criteria for determining a major Total put-call ratio buy signal. These are powerful signals, worth a 100-point rise or more in $SPX. There have...
By Lawrence G. McMillanThe stock market has traded in an ever-narrowing range for over a month now. The most recent range has been bounded by 2090 on the upside and 2050 on the downside. But now $...
By Lawrence G. McMillan$SPX couldn't develop any momentum this week. Perhaps -- as the media were saying -- stocks were just waiting for the jobs report this morning. It was a very poor jobs report...
By Lawrence G. McMillanWe have taken a new (or have returned to an old) approach for earnings-related straddle buying recently, and that is the subject of the feature article. The article also...
By Lawrence G. McMillanWhen $SPX broke down through the 2090 support level, that was a very negative sign, especially since stocks failed at the old highs.There is now strong resistance at 2110-2120...
By Lawrence G. McMillanEveryone is aware of the fact that stocks gap sharply on certain news events – primarily earnings reports and, for biotechs, FDA-related news. Other events, such as...
By Lawrence G. McMillanIn figure 1, the support at 2040 and the resistance at the recent all-time highs of 2120 are marked as a trading range. Until $SPX breaks out of that range, it really doesn't...
By Lawrence G. McMillanThe U.S. Dollar has been getting a lot of press lately as it has nearly gone parabolic with a huge rally on top of an already long-term rally. Optimism is rampant, and...