Author: Robert W. Colby

U.S. Treasury Bond rose above the highs of the previous 5 months, again reconfirming a significant uptrend. U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below the lows of the...

The CRB Commodity Price Index has recovered about 1/3 of its May loss for a textbook-perfect, counter-trend bounce. Look for the downtrend to resume. Crude Oil looks to be consolidating losses, possibly before another downwave....

Silver and Crude Oil reversed to the downside on 5/26/11. Previous minor strength might have been only a temporary countertrend bounce in a larger downside correction. U.S. Treasury Bond nearest futures contract price rose above...

Commodities, Crude Oil, Gold, Silver, and Stocks rose moderately. The price rise might be only a temporary countertrend bounce in a larger downside correction, however. S&P 500 Composite (SPX, 1,320.47) rose 4.19 points or...

S&P 500 Composite (SPX, 1,316.28) fell 1.09 points or 0.08% on Tuesday. Morning and afternoon rally attempts fizzled again. Indexes closed below their opens, midpoints, and various intraday averages. SPX closed further below...

S&P 500 Composite (SPX, 1,317.37) fell 15.90 points or 1.19%) on Monday. SPX closed below its 50-day simple moving average, below the lows of the previous 4 weeks, and below a 9-month uptrendline. Most other indexes and...

S&P 500 Composite (SPX, 1,333.27) fell 10.33 points or 0.77% on Friday. Another afternoon rally attempt fizzled, and SPX closed below the open and below Thursday’s low. NYSE volume rose 10% as stock prices fell,...

S&P 500 Composite (SPX, 1,343.60) rose 2.92 points or 0.22% on Thursday. Morning and afternoon rally attempts fizzled, and SPX closed below its open. NYSE volume fell 6%, revealing lack of following for upside rally...

S&P 500 Composite (SPX, 1,340.68) rose 11.70 points or 0.88% on Wednesday. NYSE volume fell 12%, thereby denying confirmation of the price upturn. We should not be surprised to see another rally attempt on Thursday. During...

S&P 500 Composite (SPX, 1,328.98) fell 0.49 points or 0.04% on Tuesday. SPX fell to test its 50-day SMA in the morning, then rallied in the afternoon to close above it. In addition, there was some talk of the market being...