Mark McMillan

Contributor since: 26 Feb 2010

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• On the Battle Line...

  Published 16 September 2010 | viewed 0 times

  9/16/2010 9:14:25 AM The June 21st high horizontal resistance halted the advance of the major indexes... Recommendation: Take no action. Daily Trend Indications: - Positions…

• Overhead Resistance Clotheslines Indexes...

  Published 15 September 2010 | viewed 0 times

  9/15/2010 9:09:18 AM The June 21st highs are halting an advance of the major indexes... Recommendation: Take no action. Daily Trend Indications: - Positions indicated…

• Basel III Boosts Banks...

  Published 14 September 2010 | viewed 0 times

  9/14/2010 9:02:41 AM Market bulls didn't have to look far for another catalyst as Basel III didn't yield any surprises allowing European bank shares to…

• Bulls Continue to Run...

  Published 13 September 2010 | viewed 0 times

  9/13/2010 8:59:28 AM The bulls continue to press stocks higher with 200-DMAs representing potential break out levels... Recommendation: Take no action. Daily Trend Indications: -…

• Bulls Continue to Run with Strong Foreign Markets and Economic Reports...

  Published 10 September 2010 | viewed 0 times

  9/10/2010 9:05:51 AM The bulls continued to push equities higher, initially supported by gains in foreign markets and optimistic economic reports... Recommendation: Take no action.…

• Market Heads Higher Led by Financials...

  Published 09 September 2010 | viewed 0 times

  9/9/2010 9:08:54 AM The market is defying all of those newsletters calling for a move lower... Recommendation: Take no action. Daily Trend Indications: - Positions…

• Market Makes the Expected Dip...

  Published 08 September 2010 | viewed 0 times

  9/8/2010 8:09:32 AM The expected dip happens and not much else, yet... U.S. markets were closed on Monday, September 6th in observance of Labor Day.…

• Payrolls Power Major Indexes to Reach Resistance...

  Published 07 September 2010 | viewed 0 times

  9/7/2010 9:15:45 AM Non-payrolls came in better than expected and market participants bid up stocks to where the major indexes are at resistance... Recommendation: Take…

• Markets Catch Their Breath...

  Published 03 September 2010 | viewed 0 times

  9/3/2010 9:09:52 AM Asian markets climb in reaction to U.S. economic news but European markets stall... Recommendation: Take no action. Daily Trend Indications: - Positions…

• China MFG Growth Fuels Global Bullishness...

  Published 02 September 2010 | viewed 0 times

  9/2/2010 9:11:09 AM China reports better than expected factory activity and U.S. markets follow Asian and European markets higher... Recommendation: Buy shares of DIA at…

• Running in Place...

  Published 01 September 2010 | viewed 0 times

  9/1/2010 9:14:58 AM The equities markets moved down to support and then up to resistance but ended up mostly unchanged... Recommendation: Take no action. Daily…

• MA Fails to Inspire...

  Published 31 August 2010 | viewed 0 times

  8/31/2010 8:49:06 AM The usual lift from sizable M&A activity failed to emerge as the major indexes gave back most of Friday's gains... Recommendation: Take…

• Russell-2000 Leads Relief Rally...

  Published 30 August 2010 | viewed 0 times

  8/30/2010 9:18:55 AM The major indexes followed the Russell-2000 as it rallied strongly after a retest lower... Recommendation: Take no action. Daily Trend Indications: -…

• Bulls Rally and Bears Pounce...

  Published 27 August 2010 | viewed 0 times

  8/27/2010 8:56:02 AM The major indexes rally attempt is shut down by pessimistic bears... Recommendation: Take no action. Daily - Positions indicated as Green are…

• Bulls Weigh In...

  Published 26 August 2010 | viewed 0 times

  8/26/2010 9:09:56 AM European markets and Asian markets slide but bulls buy after gap down open... Recommendation: Take no action. Daily Trend Indications: - Positions…

• SP Lowers Ireland's Sovereign Debt Rating...

  Published 25 August 2010 | viewed 0 times

  8/25/2010 9:12:03 AM European markets slide significantly as worries over debt continue to be a concern... Recommendation: Take no action. Daily Trend Indications: - Positions…

• MA Buzz Fades...

  Published 24 August 2010 | viewed 0 times

  8/24/2010 9:11:35 AM The optimism that powered pre-market trading faded as the bulls can't sustain any sort of momentum... Recommendation: Sell shares of DIA, QQQQ,…

• No-Man's Land...

  Published 23 August 2010 | viewed 0 times

  8/23/2010 9:07:17 AM The major indexes closed mixed and market participants are on edge over whether this a bottom or the beginning of a significant…

• Economic Contraction...

  Published 20 August 2010 | viewed 0 times

  8/20/2010 9:16:36 AM The Philly Fed report really shook up a lot of investors who had counted on a continued modest expansion. Recommendation: Take no…

• Retail Hope Powers Market Higher...

  Published 19 August 2010 | viewed 0 times

  8/19/2010 9:12:36 AM Retailers caught a bid on earnings expectations and helped lead the market higher... Recommendation: Buy shares of DIA to cover and buy…