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Author: Robert W. Colby

Energy Rising, Financial Falling

Energy stock sector Relative Strength Ratio (XLE/SPY) rose above 7-month highs and is approaching a bullish signal, with the 50-day SMA closely approaching the 200-day SMA. Absolute price rose above 2-year highs on 11/9/10 and...

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Materials Rising, Defensives Falling

Stock indexes: Materials rising, Defensives falling. Materials stock sector Relative Strength Ratio (XLB/SPY) rose above 9-month highs. Bullish. Energy stock sector Relative Strength Ratio (XLE/SPY) rose above 6-month highs and...

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Many Bullish Signals

Major stock price indexes rose to close above closing price highs of the previous 25 months and again confirm The Dow Theory Primary Tide Bull Market. The Primary Tide is too powerful to resist. “Don’t fight the tape.” Energy...

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Shrugging Off Momentum Divergence?

The Dow Theory again confirmed a Primary Tide Bull Market as of 11/3/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 25 months. The...

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Price Momentum Is Failing

Technology stock sector Relative Strength Ratio (XLK/SPY) rose above 10-month highs on 11/1/10 and remains bullish. Absolute price of XLK confirmed. Utilities stock sector Relative Strength Ratio (XLU/SPY) fell below 4-month...

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