Recent Blogs

Oct, 05, 2012

By Lawrence G. McMillanThe stock market continues to mark time, in the wake of the massive overbought condition that arose on September 14th -- right after the Fed announced the latest round of...

Oct, 04, 2012

In focus: Short-term correction is almost over

By Lawrence G. McMillanThe stock market continues to mark time, not really declining much as it works off the overbought condition from a couple of weeks ago. It is still our opinion that once this...

Oct, 03, 2012

Using The Probability Calculator to Analyze Naked Put-Sales

By Ryan BrennanNaked put-selling is a very popular and potentially profitable trading strategy, but choosing what puts to sell can sometimes be a guessing game. McMillan's Probability...

Sep, 28, 2012

Overbought Aftermath

By Lawrence G. McMillanWe often say that it is positive for an emerging bull trend to get heavily overbought – that this is an indication that the rally is strong and broad. In this article, we...

Sep, 28, 2012

Weekly Commentary 9/28/2012

By Lawrence G. McMillanThe broad market, as measured by the S&P 500 Index ($SPX) remains in a bullish uptrend. The recent selling has drawn the index down from the top of the bullish channel...

Sep, 27, 2012

In focus: Correction

By Lawrence G. McMillanThe long-awaited correction appears to have begun. So far, the damage is minimal and is completely within the realm of an overbought correction. However, all declines start out...

Sep, 21, 2012

Weekly Commentary 9/21/2012

By Lawrence G. McMillanThe stock market continues to be resilient, if dull. The bears have not been able to force prices downward, despite what was a very overbought condition a week ago.Equity...

Sep, 20, 2012

In focus: QE forever

By Lawrence G. McMillanThe stock market loves the fact that the Fed announced an other round of easing (QE III) but also hinted that such operations would continue into the foreseeable future (QE...

Sep, 19, 2012

Equity-Only Put-Call Ratio Makes a New Low

By Lawrence G. McMillanYesterday's market was one of the quietest days so far. $SPX had a total range of 5.34 points for the entire day. That is minuscule. In recent months, this sort of...

Sep, 14, 2012

Weekly Commentary 9/14/12

By Lawrence G. McMillanThe stock market continues to march higher, listening to its own bullish rhythms and eschewing the potentially bad news that has kept many investors on the sidelines.Today's...

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