Author: Robert W. Colby

The S&P 500 Composite (SPX: 1,225.73) absolute fell below the lows of the previous 8 trading days on 12/13/11 and closed down by 0.87%. Similar weakness was confirmed by most other indexes. Short-term price momentum...

The S&P 500 Composite (SPX: 1255.19) absolute price recovered most of Thursday’s steep loss on Friday, but volume fell, thereby denying confirmation of the price upturn. Short-term price momentum oscillators have given...

The S&P 500 Composite (SPX: 1,234.35.01) absolute price fell below the lows of the previous 5 trading days on 12/8/11, which is bearish for the short term. As I have been noting here, SPX appears to have encountered...

The S&P 500 Composite (SPX: 1,261.01) absolute price rose to challenge the highs of the previous 2 trading days and its 200-day SMA on 12/7/11, only to reverse to the downside in the final minutes, again failing the test of...

The S&P 500 Composite (SPX: 1,258.47) absolute price rose to challenge the previous day’s high and its 200-day SMA on 12/6/11 but collapsed in the final 46 minutes, giving up nearly all of its gain for the day. SPX...

The S&P 500 Composite (SPX: 1,257.08) absolute price rose above the highs of the previous 3 weeks on 12/5/11 but appeared to encounter resistance again, as expected, near its 200-day SMA, now at 1264.52. Short-term price...

The S&P 500 Composite (SPX: 1,244.28) absolute price suffered a bearish reversal day on 12/2/11 and appears overbought for the short term. SPX remains bearishly below its 200-day SMA, now at 1264.95, where it is likely to...

The S&P 500 Composite (SPX: 1,244.58) absolute price rose above the highs of the previous 9 trading days on 12/1/11 but could not hold its gains and closed slightly lower for a minor reversal day. SPX remains below its...

Plans are being made and implemented–mostly behind the scenes, and while we are sleeping. Global monetary authorities appear to be printing some money to buy some–without solving the underlying root problems. There...