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Author: Robert W. Colby

Doubts About Short-Term Uptrends

S&P 500 Composite (SPX, 1,309.66) rose 12.12 points or 0.93% on Thursday. SPX rose above 9-day highs and rose above its 20-day and 50-day simple moving averages. SPX 20-day simple moving average (SMA) remains below the...

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An Overabundance of Unpredictable News

S&P 500 Composite (SPX, 1,297.54) rose 3.77 points or 0.29% on Wednesday, recovering nearly all of its loss on Tuesday. Stock prices opened lower, broke down below 2-day lows in the first 43 minutes, but then spent most of...

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A Typical Stock Market Countertrend Bounce

S&P 500 Composite (SPX, 1,298.38) rose 19.18 points or 1.50% on Monday. Early strength dissipated in the afternoon. Trading volume declined, possibly indicating reluctance to chase prices higher. SPX has retraced a little...

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Stock Trend Seriously Damaged

S&P 500 Composite (SPX, 1,279.20) rose 5.48 points or 0.43% on Friday. SPX has retraced less than one-third of its 7.07% intraday decline from its 1,344.07 peak set on 2/18/11. Charles Dow and his followers considered...

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Just the Facts

“Japanese engineers raced to restore a power cable to a quake-ravaged nuclear power plant on Friday in the hope of restarting pumps needed to pour cold water on overheating fuel rods and avert a catastrophic release of...

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A Wall of Worry, Part 2

“Conditions at a stricken nuclear power plant in Japan have deteriorated so much that there is a growing consensus the crisis is greater than the Three Mile Island accident in 1979, and there are fears that it could get...

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