Author: Robert W. Colby

By Robert W. Colby, Senior Analyst TraderPlanet.comBull Trap? Negative momentum divergence. The stock market tried to rally but was unable to regain much upside momentum. Technology Stock Sector Relative Strength Ratio rose to...

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks stalling out. The stock market has lost upside momentum. The “reports” of the day were mixed. Financial Stocks are still the weakest. The Gold Miners ETF (GDX) Relative...

By Robert W. Colby, Senior Analyst TraderPlanet.comEarnings reports are yet another wild card in an already uncertain market.The stock market does not like uncertainty. The “reports” of the day were mostly depressing. Health...

By Robert W. Colby, Senior Analyst TraderPlanet.comStrong Energy & Weak Financial Stock Sectors. Stock Sectors’ Relative Strength Ratios were mixed again on Monday: Energy Relative Strength Ratio rose to another new...

By Robert W. Colby, Senior Analyst TraderPlanet.comS&P 500 hit resistance. Stock Sectors’ Relative Strength Ratios were mixed last week: Energy and Materials Relative Strength Ratios rose to new all-time highs, confirming...

By Robert W. Colby, Senior Analyst TraderPlanet.comShort-term stock market momentum turned Bearish. The 3-week upward correction/consolidation phase has ended. The SPY ETF broke down from a Bearish Rising Wedge chart pattern....

By Robert W. Colby, Senior Analyst TraderPlanet.comMomentum: slow and lethargic. Stock price momentum appears slightly negative since the April Fool’s Day price upsurge, on 4/1/08. Preexisting Major Trends tend to resume after...

By Robert W. Colby, Senior Analyst TraderPlanet.comStocks broke 5-day lows. Stock price momentum appears to be turning down again. Consumer Discretionary Stock Sector Relative Strength Ratio fell to a new 11-week low, suggesting...

By Robert W. Colby, Senior Analyst TraderPlanet.comConsolidation continues… Stocks in general are little changed since 4/1/08. Stock price momentum appears to be grinding slowly to a halt. World markets have been consolidating...

By Robert W. Colby, Senior Analyst TraderPlanet.comContinuing directional uncertainty–momentum decelerating. The S&P 500 tried to rally but appeared to find resistance when it approached 1,388.34, the high of...