Recent Blogs

Mar, 08, 2012

Short Subjects - 1st day of the month, VXX, The Law of Large Numbers, Levitation, etc

By Lawrence G. McMillanFor a market that has been rather dull and steady, there certainly seems to be a large number of interesting items to talk and write about. So, this week, we’re...

Mar, 08, 2012

In focus: Higher volatility lies ahead

By Lawrence G. McMillanThe levitation act is over. History shows us that the market is about to become more volatile. However, the market move can be in either direction.Sellers finally swarmed all...

Mar, 06, 2012

Equity-only put-call ratios both on confirmed sell signals

By Lawrence G. McMillanThe pressure that has been building is weighing more heavily on the market now. This will be the 10th day in the last 11 that “stocks only” breadth has been...

Mar, 02, 2012

Weekly Commentary 3/2/2012

By Lawrence G. McMillanPerhaps the first crack in the armor of this slow-motion bull market occurred this week, after Ben Bernanke spooked the market with his contention that there wouldn't be...

Mar, 01, 2012

Expect more volatility in March

By Lawrence G. McMillanMORRISTOWN, N.J. (MarketWatch) — As this bull market has progressed — especially the most recent leg since the early October lows of 2011 — volatility has...

Mar, 01, 2012

In focus: A crack in the dam?

By Lawrence G. McMillanBen Bernanke doesn’t have a lot of friends these days, and he lost some of those with his statements before Congress yesterday.His indications that there wouldn’t...

Feb, 29, 2012

The slow-motion ascent remains in place - $SPX $VIX

By Lawrence G. McMillanOnce again, $SPX made new post-2008 closing and intraday highs, and now it has finally closed above the 2011 intraday highs (oh, and yes, the Dow Jones Industrials closed above...

Feb, 28, 2012

$SPX on "one of the five longest streaks of all time"

Commentary from last week's Option Strategist Newsletter was cited in Michael Santoli's The Market's Pullback Watch article featured in this past weekend's Barron's. See below:When the...

Feb, 24, 2012

Weekly Commentary 2/23/2012

By Lawrence G. McMillanThe S&P 500 Index ($SPX) pulled back only a little, but that was enough to alleviate some of the overbought conditions and to establish support at 1340.Equity-only put-call...

Feb, 23, 2012

More on Volatility ETN’s - VXX, XIV, VQT

By Lawrence G. McMillanIn the last issue, we laid out a trading system for VXX and XIV, the most liquid short-term volatility ETN’s. VXX uses the two front-month $VIX futures contract to...

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