Apr, 20, 2012
By Lawrence G. McMillanThe Standard & Poors 500 ($SPX) chart (Figure 1) still shows heavy resistance at 1390. That level has been challenged on five of the last six trading days. So...
Apr, 19, 2012
By Lawrence G. McMillanThis market has seen a large increase in volatility in the last month or so, but this volatility has been accompanied by another characteristic: there is no follow-through to...
Apr, 16, 2012
By Lawrence G. McMillanOne should be aware of a potential problem in these ETN’s. I am not referring to the “net asset value” problem that engulfed the “Double VIX...
Apr, 13, 2012
By Lawrence G. McMillanVolatility has returned with a vengeance. The bulls are very excited about the rally of the last two days. Perhaps they are correct in their euphoria, but we don't yet see it...
Apr, 12, 2012
By Lawrence G. McMillanIn the last issue, we mentioned, on page 8, that the Composite Implied Volatility (CIV) indicator was on “sell alert.” Then in last week's Hotline update, we...
Apr, 12, 2012
By Lawrence G. McMillanAfter some minor selling last week, the Unemployment Report was used as an excuse for some heavy selling on Monday. Since the report came out when the market was closed (what...
Apr, 10, 2012
By Lawrence G. McMillanIn this morning’s comment (in the Volatility Report), it was shown that several of the other indicators had turned negative as of yesterday’s close. That...
Apr, 08, 2012
By Lawrence G. McMillanThe stock market has run into a little trouble this week. Things started out well enough, with a strong rally on Monday taking $SPX to new post-2008 highs. However...
Apr, 05, 2012
By Lawrence G. McMillanThe Standard & Poor’s 500 Index pulled back sharply over the last two days. Ostensibly, this is in response to the FOMC minutes that were released yesterday, in which...
Apr, 04, 2012
By Lawrence G. McMillanWhat had seemed like a typical correction yesterday has now blossomed into something more serious. Whether the FOMC minutes yesterday are really making people sell stocks (no...
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