Lawrence McMillan, head of McMillan Analysis, said that the current range-bound market has indicators that can work for short-term trades, but nothing that really allows him to look out more than a few weeks. He is looking for the market to break through resistance at 2,993 on the Standard and Poor's 500 and hold beyond that level, but noted that if a rally falls short, the market could see a double- or triple-top, which is a sign of trouble ahead. Also on the show, Sylvia Jablonski of Direxion Investments says there is still growth left in the market and she highlights good ideas for trading in a sideways market, Mike Brown of Lendedu highlights the huge amount newlyweds paid to hold their wedding, and we revisit a recent Market Call with Ed Shill of QCI Asset Management.
Money Life with Chuck Jaffe