Author: Robert W. Colby

The S&P 500 Composite (SPX, 1,131.42) fell 28.98 points or 2.50% on Friday, September 30, 2011. SPX was down 7.18% for the month of September and down 14.33% for the third quarter. In a Dow Theory Primary Tide Bear Market,...

NASDAQ Composite/S&P 500 Relative Strength Ratio fell below the lows of the previous 3 weeks. NASDAQ Composite price closed below the closing prices of the previous 4 trading days with a 0.43% loss. The number of 52-week new...

Price momentum usually slows before prices reverse direction. Three days up is sufficient for a minor counter-trend correction. Price indexes already have recovered normal fractions of the previous week’s losses. The...

The S&P 500 Composite (SPX, 1,162.95) rose 26.52 points or 2.33% on Monday, September 26, 2011. Volume on the NYSE fell 18%, again failing to confirm the 2-day bounce in price. Sentiment has been bearish, implying the...

The S&P 500 Composite (SPX, 1,136.43) rose 6.87 points or 0.61% on Friday, September 23, 2011. Volume on the NYSE fell 31%, which did not confirm an upturn in the price trend. S&P 500 and other price indexes are near the...

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF /SPY) fell below 29-month lows on 9/21/11, reconfirming a major long-term downtrend. This basket of the stocks of Brazil, Russia, India and China is in a relatively...

Copper, iPath DJ-UBS Copper TR Sub-Idx ETN (JJC ) fell below the lows of the previous 12-months. Weakness in Copper suggests doubts about the economic outlook. The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio...

Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price rose above the highs of the previous 2 years on 9/19/11, reconfirming a major uptrend. Energy Sector SPDR ETF Relative Strength Ratio (XLE/SPY) fell below 8-month...

The S&P 500 Composite (SPX, 1,216.01) rose 6.90 points or 0.57% on Friday, September 16, 2011. Stocks appear overbought, and short-term price momentum started to slow on Friday. Even after rising for 5 consecutive trading...