Author: Robert W. Colby

S&P 500 Composite (SPX, 1,296.67) rose 16.57 points or 1.29% on Tuesday 6/28/11. SPX bounced 2.23% over the past 2 days. Sizzle! Bounces of a percentage point or two are fairly common but not significant. There has not been...

S&P 500 Composite (SPX, 1,280.10) rose 11.65 points or 0.92% on Monday 6/27/11. Bounces of a percentage point or two are fairly common but not significant. There has not been a bounce of 3% or greater in 8 weeks. SPX remains...

S&P 500 Composite (SPX, 1,268.45) fell 15.05 points or 1.17% on Friday 6/24/11. SPX remains in a significant intermediate-term downtrend. Volume on the NYSE rose 7% above Thursday’s pace and was 18% above the 200-day...

U.S. Treasury Bond nearest futures contract price broke out above the highs of the previous 7 months, thereby reconfirming a significant uptrend. CRB Commodity Price Index broke down below 5-month lows. Gold and Silver both...

S&P 500 Composite (SPX, 1,287.14) fell 8.38 points or 0.65% on Wednesday 6/22/11. SPX remains in a significant intermediate-term downtrend. Volume on the NYSE fell 6% below Tuesday’s pace and was 17% below the 200-day...

S&P 500 Composite (SPX, 1,295.52) rose 17.16 points or 1.34% on Tuesday 6/21/11. SPX closed above the highs of the previous 9 trading days, suggesting a minor bounce. SPX fell below 3-month lows last Thursday, however,...

S&P 500 Composite (SPX, 1,278.36) rose 6.86 points or 0.54% on Monday 6/20/11. All of the gain occurred in the morning, and stocks stalled out after noon. Small counter trend fluctuations do not change the clear...

NASDAQ Composite/S&P 500 Relative Strength Ratio fell below 8-month lows on 6/17/11. Absolute price closed below 6-month closing price lows on 6/17/11. The NASDAQ Advance-Decline Line fell to a new 9-month low last week. All...

U.S. Treasury Bond futures broke out above the highs of the previous 7 months, reconfirming a significant uptrend. S&P 500 Composite (SPX, 1,267.64) rose 2.22 points or 0.18% on 6/16/11. Volume fell slightly on the NYSE,...

S&P 500 Composite (SPX, 1,265.42) fell 22.45 points or 1.74% to a new 12-week low. Volume rose 17% on the NYSE to confirm the significant downtrend. NASDAQ Composite and NASDAQ 100 ETF (QQQ) absolute prices closed below...