Mark McMillan

Contributor since: 26 Feb 2010

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• Bounce Off of Support...

  Published 11 January 2011 | viewed 0 times

  1/11/2011 9:10:35 AM Equity indexes opened lower but bounced off of key support levels to finish higher than they opened... Recommendation: Take no action. Daily…

• Banks Beaten Down by Massachusetts Supreme Court Decision...

  Published 10 January 2011 | viewed 0 times

  1/10/2011 9:15:40 AM The Financial sector helped the major indexes finish lower on the day as bank liabilities once again increase based on a decision…

• Mixed Trading at Overbought Levels...

  Published 07 January 2011 | viewed 0 times

  1/7/2011 9:02:45 AM The major indexes closed mixed as the Dow and S&P-500 retreated from overbought levels but the NASDAQ-100 continued to make gains... Recommendation:…

• The Jobs Report Handcuffs the Bears...

  Published 06 January 2011 | viewed 0 times

  1/6/2011 8:53:51 AM The bears had to sit on their hands as the bulls continued to run. Patience is a virtue... Recommendation: Take no action.…

• Whistling Past the Graveyard...

  Published 05 January 2011 | viewed 0 times

  1/5/2011 9:22:45 AM It is time to place your bet... Recommendation: Sell shares of DIA short at the close if the price is above the…

• Happy New Year!

  Published 04 January 2011 | viewed 0 times

  1/4/2011 8:46:33 AM The bulls are running and all the major indexes are back in uptrend states... Recommendation: Take no action. Daily Trend Indications: -…

• 2010 Ends With a Whimper...

  Published 03 January 2011 | viewed 0 times

  1/3/2011 8:52:46 AM All the major indexes end in trading states with any gains reported on anemic volume. Is this a top? Recommendation: Take no…

• High Volume Options Expiration Leads to Flat Close...

  Published 20 December 2010 | viewed 0 times

  12/20/2010 8:03:14 AM Expected quadruple witching volume left the major indexes little changed... Recommendation: Take no action. Daily Trend Indications: - Positions indicated as Green…

• Rally Continues as Volume Eases...

  Published 17 December 2010 | viewed 0 times

  12/17/2010 9:04:50 AM The rally continued with the major indexes posting positive closes but volume backed off as we await topping action... Recommendation: Take no…

• The Omen Makes a Repeat Appearance...

  Published 16 December 2010 | viewed 0 times

  12/16/2010 8:57:12 AM The Hindenburg Omen repeats itself after its appearance on Tuesday. They say third time is the charm... Recommendation: Take no action. Daily…

• The Omen Shows Itself Yet Again...

  Published 15 December 2010 | viewed 0 times

  12/15/2010 9:01:25 AM The Hindenburg Omen, last seen in August makes another appearance... Recommendation: Take no action. Daily Trend Indications: - Positions indicated as Green…

• Stocks Slide Into Close...

  Published 14 December 2010 | viewed 0 times

  12/14/2010 9:16:04 AM After a large gap up open, the markets can't hold on and slide somewhat dramatically into the close... Recommendation: Take no action.…

• NASDAQ-100 and SP-500 Break to Multi-year Highs...

  Published 13 December 2010 | viewed 0 times

  12/13/2010 8:58:33 AM The NASDAQ-100 closed at a thirty-eight month high and the S&P-500 closed at a twenty-six month high as the Dow readies to…

• Financials Continue to Bootstrap the Rally...

  Published 10 December 2010 | viewed 0 times

  12/10/2010 9:21:35 AM The bank indexes confirmed their move higher driving financials which drove the broader market higher... Recommendations: Take no action. Daily Trend Indications:…

• Banks Boost Market to Modest Gains...

  Published 09 December 2010 | viewed 0 times

  12/9/2010 9:05:08 AM The bank indexes roared higher as they led financials which led the major indexes higher... Recommendation: Take no action. Daily Trend Indications:…

• Bull Trap...

  Published 08 December 2010 | viewed 0 times

  12/8/2010 9:18:10 AM The major indexes gapped up to open above key resistance levels but gave up those gains as the session wore on... Recommendation:…

• Backing and Filling..

  Published 07 December 2010 | viewed 0 times

  12/7/2010 8:49:50 AM The markets take a breather as the dollar and bonds reverse course... Recommendation: Take no action. Daily Trend Indications: - Positions indicated…

• Bullish Optimism Continues Despite...

  Published 06 December 2010 | viewed 0 times

  12/6/2010 9:06:09 AM The bulls are able to force the market higher despite poor payrolls and higher than expected unemployment... Recommendation: Take no action. Daily…

• Running Away With It...

  Published 03 December 2010 | viewed 0 times

  12/3/2010 9:03:25 AM The bulls are taking the major equity indexes higher and giving no quarter... Recommendation: Buy shares of DIA at a limit of…

• Dollar Dumped and Equities Rally...

  Published 02 December 2010 | viewed 0 times

  12/2/2010 9:08:14 AM Investors around the world move from safe havens to riskier assets as equities soar... Recommendation: Buy shares of DIA at a limit…