May, 11, 2012
By Lawrence G. McMillanOn Tuesday, May 1st, $SPX traded at 1415. Now, just 7 trading days later, the entire psyche of the market has become dark and brooding.$SPX broke down through support at...
May, 10, 2012
By Lawrence G. McMillanNegative thinking has enveloped Wall Street in the last week. It’s rare to see to such obvious negative news reflect itself so directly in lower prices, but that’s...
May, 09, 2012
By Lawrence G. McMillanExtremely heavy selling swamped the market in the early going on Tuesday. But at about 11:30am, a rally started that lasted most of the rest of the day. As a result...
May, 04, 2012
By Lawrence G. McMillanEarlier this week, a strong upside breakout was accompanied by generally positive technical indicators. But worries over the unemployment report have upset things...
May, 03, 2012
By Lawrence G. McMillanWith last Thursday’s breakout to the upside by the Standard & Poors 500 Index over the 1,390 level, the technical indicators were mostly positive.So far, $SPX has...
May, 01, 2012
By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — When the broad stock market, as measured by the Standard & Poor’s 500 Index, broke down through the important 1,390 support...
Apr, 30, 2012
By Lawrence G. McMillan$SPX has essentially been trading sideways for about three weeks. The net result of this sideways action has been to relieve all of the overbought conditions that existed....
Apr, 26, 2012
By Lawrence G. McMillanThe total put-call ratio includes all the volume that takes place on listed index and equity option markets (not futures). Most of the time it’s not of great...
Apr, 26, 2012
By Lawrence G. McMillanThe bears have had many chances this month to do some serious damage to the market but they haven’t been able to. Perhaps they are waiting for the “sell in May and...
Apr, 25, 2012
By Lawrence G. McMillanThe market gapped higher on what has become 'typical' Apple earnings euphoria. Durable goods orders came in below expectations. Meanwhile, the Fed has notified us...
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