May, 31, 2012
By Lawrence G. McMillanDespite a rather severe oversold condition, there have been no actual confirmed buy signals issued yet. This oversold condition has persisted for the past couple of weeks,...
May, 30, 2012
By Lawrence G. McMillanAs often happens on the first day of trading after a three-day weekend, the market is buffeted by cross-current, so there are several moves. Initially, the market was...
May, 25, 2012
By Lawrence G. McMillan The massive oversold condition that existed at the end of last week has spurred a rally this week. when the market is as oversold as it got last week, it usually rallies...
May, 24, 2012
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — One thing that all traders figure out sooner or later is that an oversold market can continue to decline — sometimes at an ever-...
May, 24, 2012
By Lawrence G. McMillanThe decline in $SPX this month has been swift, but surprisingly orderly. For example, the 20-day historical volatility of SPX is only 14%, which is extremely low after a...
May, 23, 2012
On May 23rd, the CBOE will be listing futures on the Nasdaq-100 Volatility Index with the symbol /VN. The Nasdaq VIX futures will be similar to the regular S&P $VIX futures in that they...
May, 18, 2012
By Lawrence G. McMillanIs this current market decline the harbinger of a new bearish market phase, or just a pause in the general bull market that was launched in March, 2009, with a couple of...
May, 18, 2012
By Lawrence G. McMillanThe $SPX chart has turned bearish, with the breaking of the 1340 support level. However, it is oversold in that it is more than 4 standard deviations below its 20-day...
May, 17, 2012
By Lawrence G. McMillanThe stock market has broken down through several support areas, to the point where it is now below the important support at 1,340 on the Standard & Poors 500 Index. This...
May, 16, 2012
By Lawrence G. McMillanFollowing an overnight push to new lows, the market attempted to put together a rally into the 2pm EST Fed minutes. However, the market stalled and was unable to hold...
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