Author: Robert W. Colby

Major stock price indexes closed below previous 3-week closing price lows: 1,335.10 for the S&P 500 and 12,584.20 for the Dow-Jones Industrials. This confirms the possibility of more severe downside risk. The short-term...

S&P 500 Composite (SPX, 1,337.77) fell 10.88 points or 0.81% on Friday. SPX closed below its 20-day SMA for the first time in 3 weeks. RSI(14) and MACD Histogram fell below 3-week lows. NYSE Composite Stock Price Index fell...

S&P 500 Composite (SPX, 1,348.65) rose 6.57 points or 0.49% on Thursday, thereby recovering less than half of Wednesday’s steep loss. Trading volume fell 2% to 4.2 billion shares on the NYSE. Rising volume on price...

S&P 500 Composite (SPX, 1,342.08) fell 15.08 points or 1.11% on Wednesday. It was the largest single day loss in 8 weeks, since 3/16/11, suggesting a reacceleration of downside momentum. Trading volume rose 13% to 4.3...

S&P 500 Composite (SPX, 1,357.16) rose 10.87 points or 0.81% on Tuesday. Trading volume rose 12% to 3.8 billion shares on the NYSE, but that was still 18% below the median 4.6 billion for the year, suggesting still weak...

S&P 500 Composite (SPX, 1,346.29) rose 6.09 points or 0.45% on 1,346.29. It was an “Inside Day”, a consolidation and hesitation day with a lower high and a higher low than the previous day. Trading volume plunged...

S&P 500 Composite (SPX, 1,340.20) rose 5.10 points or 0.38% on Friday. Trading volume fell 10% on the NYSE, the slowest of the latest 4 trading days, suggesting relatively weak participation and lack of confidence. SPX...

S&P 500 Composite (SPX, 1,335.10) fell 12.22 or 0.91% on Thursday. Trading volume rose to confirm the downtrend. SPX closed below the closing prices of the previous 9 trading days. Momentum indicators (such as RSI, MACD, and...

S&P 500 Composite (SPX, 1,347.32) fell 9.30 or 0.69% on Wednesday. SPX fell further below a steep 8-day uptrend line. Momentum indicators (such as RSI, MACD, and Stochastics) based on SPX have turned down. The major stock...

S&P 500 Composite (SPX, 1,356.62) fell 4.60 points or 0.34% on Tuesday. SPX broke below a steep 8-day uptrend line. Momentum indicators based on SPX have turned down. The major stock price indexes show signs of exhaustion of...