Mark McMillan

Contributor since: 26 Feb 2010

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• Uncertainty Remains...

  Published 02 November 2010 | viewed 0 times

  11/2/2010 9:13:47 AM Market participants moved the major indexes up over one percent only to see them come crashing back down and finishing flat as…

• Uncertainty Rules...

  Published 01 November 2010 | viewed 0 times

  11/1/2010 8:59:54 AM GDP met expectations but that wasn't enough as investors fret over elections and QE2 concerns... Recommendation: Take no action. Daily Trend Indications:…

• Like Swimming in Quicksand...

  Published 29 October 2010 | viewed 0 times

  10/29/2010 9:12:24 AM The major indexes traded in a fairly narrow range either side of neutral and closed in mixed fashion but not far from…

• Semiconductors Stand Out...

  Published 28 October 2010 | viewed 0 times

  10/28/2010 9:15:54 AM With semiconductors heading higher like a rocket to the moon, the NASDAQ-100 was able to make a higher close but it is…

• King Dollar...

  Published 27 October 2010 | viewed 0 times

  10/27/2010 8:58:10 AM We prefer to trade the equities markets based on their behavior but the behavior of equities traders seems to rely almost solely…

• Gravestone Doji...

  Published 26 October 2010 | viewed 0 times

  10/26/2010 9:16:59 AM The NASDAQ-100 ETF (QQQQ) showed a rare candlestick pattern that often marks a top in the market. Could it be? Recommendation: Take…

• Semiconductors Lead Indexes Higher...

  Published 25 October 2010 | viewed 0 times

  10/25/2010 8:56:09 AM The Semiconductor Index leads the equities markets higher after sucking in the bears the previous session. Recommendation: Take no action. Daily Trend…

• Weakness Under the Surface...

  Published 22 October 2010 | viewed 0 times

  10/22/2010 9:10:47 AM The Russell-2000 and Semiconductor Indexes lead the markets lower after a gap up open. This isn't bullish behavior. Recommendation: Take no action.…

• Buyers Roar Back...

  Published 21 October 2010 | viewed 0 times

  10/21/2010 9:01:45 AM The common refrain of every pull back by the major indexes being followed by another move higher repeated itself. Recommendation: Take no…

• Big Rally Gives Up All Gains and Then Some...

  Published 01 October 2010 | viewed 0 times

  10/1/2010 9:11:51 AM The major indexes gap up and rally on news that Q2 GDP growth was slightly better than expected then all those gains…

• Resistance Proves Insurmountable...

  Published 30 September 2010 | viewed 0 times

  9/30/2010 9:13:28 AM The major indexes weren't able to cross above overhead resistance so followed the path of least resistance which was downward... Recommendation: Take…

• Major Indexes Make Up Lost Ground...

  Published 29 September 2010 | viewed 0 times

  9/29/2010 9:12:42 AM The day started off with a scary slide but ended with the Dow and S&P-500 making up the ground they lost on…

• Like Watching Paint Dry...

  Published 28 September 2010 | viewed 0 times

  9/28/2010 9:10:56 AM The day was one of little movement and mostly tedium as there were no catalysts to get a real move going... Recommendation:…

• Pulling One Out of the Hat...

  Published 27 September 2010 | viewed 0 times

  9/27/2010 8:43:27 AM Pulling one out of the hat... The bulls escaped the bear attack and turned the tables on them on relatively light volume...…

• A Failed Rally...

  Published 24 September 2010 | viewed 0 times

  9/24/2010 9:21:34 AM After a gap down open, the bulls decided to try to take the NASDAQ-100 to new highs but failed at the critical…

• Rotation Into Fixed Income?

  Published 23 September 2010 | viewed 0 times

  9/23/2010 9:16:19 AM Long-term bonds moved higher in price for the fourth day in a row with heavier than average volume seen in four of…

• FOMC Announcement as Expected...

  Published 22 September 2010 | viewed 0 times

  9/22/2010 9:12:54 AM The Federal Open Market Committee (FOMC) announced no change in interest rates and the policy statement arrived as expected... Recommendation: Take no…

• Recession is Over...

  Published 21 September 2010 | viewed 0 times

  9/21/2010 8:52:29 AM The NBER declared that the recession ended in June 2009, more than one year ago and apparently the market liked that... Recommendation:…

• Options Expiration...

  Published 20 September 2010 | viewed 0 times

  9/20/2010 8:55:55 AM Quadruple witching (expiration of stock index futures, stock index options, stock options, and single stock futures) occurred with relatively low volume and…

• Bear Attack Repulsed...

  Published 17 September 2010 | viewed 0 times

  9/17/2010 9:07:48 AM The bears attack and are beaten back with the NASDAQ-100 breaking above horizontal resistance... Recommendation: Buy Oct $106 DIA puts to cover…