Author: Robert W. Colby

The S&P 500 Composite (SPX: 1,295.50) rose 0.23% on Thursday. Volume on the NYSE fell 14%. The round number of 1300 may offer resistance. Up 13 of the past 16 trading days, SPX appears overbought. SPX has relatively low...

Stocks churned, going nowhere on Wednesday. The S&P 500 Composite (SPX: 1,292.48) rose 0.03% while the Dow Jones Industrial Average (DJI: 12,449.45) fell 0.10%. Volume on the NYSE fell 6%. Up 12 of the past 15 trading days,...

The S&P 500 Composite (SPX: 1,292.08) rose 0.89% on Tuesday. Volume on the NYSE rose 25%. Foreign markets were up more than 2% before the U.S. open. SPX opened on a large upside gap above its October, 2011, intraday peak of...

The S&P 500 Composite (SPX: 1,280.70) rose 0.23% on Monday. Volume on the NYSE fell 8%, reflecting a less bullish trading mood after nearly 3 weeks of rising stock prices. Longer term, SPX has been consolidating in a trading...

The S&P 500 Composite (SPX: 1,277.81) fell 0.25% on Friday. Volume on the NYSE fell 15%, reflecting a more cautious trading mood after 3 consecutive up days. SPX has been consolidating in a trading range since October, 2011,...

The S&P 500 Composite (SPX: 1,281.06) rose 0.29% on Thursday. Volume on the NYSE rose 22%, confirming an improved trading mood. Short-term Price Momentum Oscillators based on SPX are overbought and are losing upside...

The S&P 500 Composite (SPX: 1,277.30) rose 0.02% on Wednesday. Volume on the NYSE fell 10%, confirming an indecisive trading mood. SPX remains above its widely-followed 50-day and 200-day SMAs, but the 50-day SMA has...

The S&P 500 Composite (SPX: 1,277.06) rose 1.55% on Tuesday. All the gain came on an opening gap, and the SPX spent the day choppy, going nowhere. This overnight price markup left stocks overbought and on resistance. SPX...