Author: Robert W. Colby

By Robert W. Colby, Senior Analyst TraderPlanet.comSector Relative Strength: Technology rose to a new high, while Financials and Health Care fell to new lows.NASDAQ Composite index: Relative Strength made a new 17-month high....

By Robert W. Colby, Senior Analyst TraderPlanet.comSector Relative Strength: Energy and Technology rose to new highs, while Financials fell to a new low. Crude Oil Futures rose to another new all-time high at 88.20. Energy stock...

By Robert W. Colby, Senior Analyst TraderPlanet.comBearish Engulfing Line: A Big Downside Reversal DayTrick or Treat? Profit taking is normal and natural and has been lasting only 1 to 4 days. Foreign stock indices closed at a...

By Robert W. Colby, Senior Analyst TraderPlanet.comEnergy and Technology stock sectors made new price highs. The NASDAQ Composite and Growth stock price indices both made new 6-year highs. Gold Miners stock price indices made...

By Robert W. Colby, Senior Analyst TraderPlanet.comPrice, Volume, and Breadth Momentum are lagging. Despite new highs in some price indices, many technical divergences suggest that not all parts of the market are pulling...

By Robert W. Colby, Senior Analyst TraderPlanet.comTemporary sinking spells are to be expected. Price indices, breadth, and momentum indicator divergences suggest that not all parts of the market are pulling together. Seasonal...

By Robert W. Colby, Senior Analyst TraderPlanet.comDivergences: S&P and NASDAQ made new highs,but the 3 Dow Jones Averages did not. There are some momentum indicator divergences, as well. Seasonal tendencies are still a...

By Robert W. Colby, Senior Analyst TraderPlanet.comSeasonal tendencies are a concern in days ahead. Crude Oil and Gold futures both reversed strongly to the upside with Bullish Engulfing Patterns. U.S. dollar reversed to the...

By Robert W. Colby, Senior Analyst TraderPlanet.comShort-term momentum indicators fell further, but it is only a Minor Ripple. Minor corrections are normal. 2-day price pullback does not appear significant. U.S. dollar had an...

By Robert W. Colby, Senior Analyst TraderPlanet.comShort-term momentum indicators turned down. Technology stock sector made a new 6-year closing price high. NASDAQ Composite index price made a new 6-year high. U.S. dollar had an...