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Author: Robert W. Colby

Daily Stock Market Commentary – 5/9/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStock Price Momentum turning Bearish. MACD crossed below its Signal Line, based on the end-of-day SPY. RSI (14) fell to 54, its lowest level in 3 weeks, based on the end-of-day...

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Daily Stock Market Commentary – 5/8/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStock price indexes broke down. Rally could be over. Price Momentum indicators turned down and show Bearish Divergences. All 9 Stock Sectors fell, with Financials down the most....

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Daily Stock Market Commentary – 5/7/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks are still shrugging off bad news but are overbought. Another big jump in the price of Crude Oil to a new high of 122.73 gave a fresh boost to Energy Stock Sector, which...

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Daily Stock Market Commentary – 5/6/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks are showing signs of fatigue. Crude Oil jumped up to another new all-time high, confirming uptrends in all time frames. Indicators measuring short-term upside momentum...

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Daily Stock Market Commentary – 5/2/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks rise to new 3.5 month highs. But can it last? A rising dollar and falling commodity prices encouraged stock traders on Thursday. But these are short-term trends of...

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Daily Stock Market Commentary – 5/1/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks: Bearish Key Reversal Day Confirmed by High Volume. Selling after Fed rate-cut news and a weak close. Momentum indicators show Bearish Divergence. Consumer Discretionary...

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Daily Stock Market Commentary – 4/30/2008

By Robert W. Colby, Senior Analyst TraderPlanet.comShort-term stock index price momentum rolling downward. News-related volatility just ahead. Another final hour selloff gives momentum indicators a downside tilt. But seasonal...

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