Author: Robert W. Colby

It appears likely that the stock market may have begun a minor downside correction for the short term. Tuesday’s drop of 1.59% based on S&P 500 closing prices only was the largest decline in 9 weeks. Tuesdays drop was...

Better-than-expected earnings invited profit taking in late trading after the close on Monday. S&P 500 Composite (SPX, 1,184.71) rose 8.52 points or 0.72% to close the day session above previous 5-month highs. Profit taking...

Financial stock sector Relative Strength Ratio (XLF/SPY) fell below 17-month lows and remains bearish. Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above 8-month highs, while absolute price rose above 6-month...

Consumer Discretionary stock sector absolute price rose further above 5-month highs and remains bullish. Industrial stock sector Relative Strength Ratio (XLI/SPY) rose further above 2-year highs, while absolute price rose...

Consumer Discretionary stock sector absolute price rose to a new 4-month high on 10/11/10 and remains bullish. Copper nearest futures contract price rose further above 2-year highs on 10/11/10, again confirming a major uptrend....

Consumer Discretionary stock sector Relative Strength Ratio (XLY/SPY) rose to another new 3-month high on 10/8/10 and remains bullish. Industrial stock sector Relative Strength Ratio (XLI/SPY) rose above 2-year highs on 10/8/10...