Author: Robert W. Colby

Although minor counter-trend reversals are common within any kind of trend, such reversals are typically short lived. CRB, Crude Oil, Silver, and Gold recovered most of their previous day’s losses, but that does not change...

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,...

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...

Most Stocks Bounced–But Technology and Materials Demonstrated Substantial Relative Weakness S&P 500 Composite (SPX, 1,289.00) rose 9.44 points or 0.74% on Thursday. NYSE volume fell 23%, thereby denying confirmation of...

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...

S&P 500 Composite (SPX, 1,284.94) fell 1.23 points or 0.10% on Tuesday to its lowest closing price in 10 weeks, again confirming its preexisting significant downside correction. Financial SPDR stock sector ETF (XLF) absolute...

S&P 500 Composite (SPX, 1,300.16) fell 12.78 points or 0.97% on Friday to its lowest closing price in 10 weeks, since 3/23/11, again reconfirming its preexisting bearish trend. Junk/Investment-Grade Corporate Bonds Relative...

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...

As of June 1, 2011, the Dow Theory gave a warning of a significant downside correction for the general stock market, as the Dow Industrials and Transports both closed below 5-week lows. Also as of June 1st, Financial SPDR stock...