Recent Blogs

Apr, 10, 2013

No Resistance Ahead for the S&P 500 (SPX)

By Lawrence G. McMillanThe market continued its upward march from the lows of Friday morning, right after that negative unemployment report. New closing highs were made, and it looks like this...

Apr, 05, 2013

Weekly Stock Market Commentary 4/5/13

By Lawrence G. McMillanThe stock market has had a bit rougher time this week. Our indicators are turning bearish now, and if there is a breakdown in $SPX, a full-blown correction should be...

Apr, 03, 2013

A Tale of Two Markets: Negative Divergences Appear

By Lawrence G. McMillanThere were seemingly two stock markets yesterday. By that I mean that the big-cap stocks that have led this rally continued to do their thing, driving $SPX and the other...

Mar, 29, 2013

Weekly Stock Market Commentary 3/29/13

By Lawrence G. McMillanThankfully, the Standard and Poors 500 Index ($SPX) has finally closed at a new high, exceeding the market from October, 2007. Now that that's out of the way, perhaps we can...

Mar, 28, 2013

Mini Options: What's the point?

By Lawrence G. McMillan The new mini options began trading on March 18th. We held off writing about them for a little while so that we could see how volume and open interest were trending. A mini...

Mar, 25, 2013

Weekly Stock Market Commentary 3/22/13

By Lawrence G. McMillanIt always seems that the first volatility explosion sends a warning shot across the bow. That appears to be the case now.Tuesday's low for $SPX was at 1538. That is...

Mar, 19, 2013

Volatility Skew Information

By Lawrence G. McMillanThe term "volatility skew" refers to the situation where individual options on a particular entity have different implied volatilities that form a pattern. The...

Mar, 15, 2013

Weekly Stock Market Commentary 3/15/13

By Lawrence G. McMillanI would expect $SPX to finally make a new all-time high soon. $SPX has support near 1530, which is also where the rising 20-day moving average currently is.Equity-only put-call...

Mar, 14, 2013

Just How Overbought Is This Market?

By Lawrence G. McMillanIf there wasn’t such incessant media coverage today, one might have a somewhat different opinion of what’s happening in the current market. I say this with...

Mar, 14, 2013

Be prepared for the next market crash

The stock market continues to grind higher as the Dow Jones Industrial Average ($DJX) continues to make new all time highs. The S&P 500 ($SPX) is approximately 5 points away from...

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