The Option Strategist
Investing NewsletterAbout
Professional trader Lawrence G. McMillan is perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 350,000 copies. An active trader of his own account, he also manages option-oriented
Written By
Lawrence McMillan
Newsletter
Author of the "bible:" Options As A Strategic Investment.
Dec 1, 2023
Bulls Still In Charge
Despite overbought conditions, $SPX continues to move higher, albeit at a slower rate. No sell signals have been confirmed yet, so the bulls are still in charge.
Nov 17, 2023
Upside Breakout
$SPX has decisively broken out over 4400, thus returning to a bullish mode. Some overbought conditions are already in place, nearing sell signals, though.
Nov 10, 2023
At A Critical Juncture
$SPX is still trying to overcome multiple resistance factors near 4400. A failure to do so may see the Index retreat to 4100-4200 quickly.
Nov 3, 2023
Is This Rally For Real?
Oversold conditions and a favorable seasonal pattern have produced an explosive rally. The challenge now for $SPX is to overcome multiple resistance near 4400.
Oct 27, 2023
Lower Highs And Lower Lows
The breakdown below 4200 has created additional selling in $SPX, which remains in a downtrend.
About
Professional trader Lawrence G. McMillan is perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 350,000 copies. An active trader of his own account, he also manages option-oriented
Written By
Lawrence McMillan
Newsletter
Author of the "bible:" Options As A Strategic Investment.