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Author: Robert W. Colby

Signs of Deflation

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) fell below its lows of the previous 5 months on 12/20/12. Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 4 months. GLD turned systematically...

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Dark Cloud Cover

The S&P 500 (SPX: 1,435.81 ) fell 10.98 points or 0.76% on Wednesday. The S&P 500 ETF (SPY) formed a Dark Cloud Cover Bearish Reversal Candlestick Pattern: in a multi-day uptrend, a long white candle is followed by a...

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Corporate insiders are extremely bearish.

The S&P 500 (SPX: 1,446.79) rose 16.43 points or 1.15% on Tuesday, to its highest level in more than 8 weeks. The Dow-Jones Transportation Average rose above its September-October highs, but the Dow-Jones Industrial Average...

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“Fiscal Cliff”: HOPE? FEAR?

Monday was a day of hope, and stocks recovered what they lost on Thursday and Friday last week, when fear dominated the headlines. The S&P 500 (SPX: 1,430.36) rose 16.78 points or 1.19% on Monday. The S&P 500 whipsawed...

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The Art of Contrary Thinking

The S&P 500 (SPX: 1,413.58) fell 5.87 points or 0.41% on Friday. For the week as a whole, SPX declined 0.32%. The S&P 500 fell below its lows of the previous 4 trading days, fell below its declining 50-day SMA now...

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Bullish sentiment rising into year end.

The S&P 500 (SPX: 1,427.84) rose 9.29 points or 0.65% on Tuesday. NYSE trading volume rose 6% on Tuesday to a level that was 11% below its 200-day SMA. Low volume indicates tepid demand for stocks. SPX rose further above its...

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Silver Turned Bullish Again

Silver, iShares Silver Trust ETF (SLV) rose above its 50-day SMA on 12/10/12, thereby turning systematically bullish. The S&P 500 (SPX: 1,418.55) rose 0.48 points or 0.03% on Monday. NYSE trading volume fell 3% on Monday to...

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Low Volume = Tepid Demand

The S&P 500 (SPX: 1,418.07) rose 4.13 points or 0.29% on Friday. For the week as a whole, SPX made little progress, up only 0.13%. SPX appears to be testing its falling 50-day SMA, now at 1417.16. SPX closed the week above...

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