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Author: Robert W. Colby

Selling Pressure > Buying Pressure

Stocks closed mixed and little changed on Monday. Beneath the surface, however, Selling Pressure still dominates Buying Pressure. S&P 500 Composite (SPX, 1,271.83) rose 0.85 points or 0.07%. Volume fell 7% on the NYSE,...

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Relative Strength for Secondary Reaction

S&P 500 Composite (SPX, 1,270.98) fell 18.02 points or 1.40% on Friday. SPX fell below 12-week lows, reconfirming its preexisting, intermediate-term downtrend. NYSE volume rose 26% to confirm the price downtrend. The...

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Stocks Fall Below 11-Week Lows

S&P 500 Composite (SPX, 1,279.56) fell 5.38 points or 0.42% on Wednesday to its lowest closing price in 11 weeks, again confirming its preexisting significant downside correction. Other major indexes also confirmed. Price...

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Stocks Again Confirmed a Bearish Trend

S&P 500 Composite (SPX, 1,312.94) fell 1.62 points or 0.12% on Thursday to its lowest closing price in 6 weeks, since 4/19/11. SPX again closed below a 21-trading days down trend line, below a 8-month up trend line, and...

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