rounded corner
rounded corner
top border

Daily Stock Market Commentary


Stock Market: “This swing-trading time frame is fickle and can change suddenly.”

Stock prices reversed strongly to the upside on Thursday. The S&P 500 recovered most of its loss sustained over the previous 2 trading days.

Volume of trading declined significantly, however, thereby denying confirmation of the price upturn.

Although further upside attempts may be possible, any such attempts may be limited in extent and duration. Significant technical deterioration is still evident, and Thursday’s bounce did nothing to cure it.

NASDAQ Composite/S&P 500 Relative Strength Ratio fell further below 8-week lows on 10/29/09. Short term and intermediate term, the relative trend is bearish.

The Small Cap/Large Cap Relative Strength Ratio fell below the lows of the previous 16 weeks on 10/29/09, confirming again the preexisting bearish trend.


Spotlight on event stocks: Here is a stock screen I designed to pick out potential event stocks, both Bullish and Bearish. Sometimes, stocks with large changes in price and volume are revealed to be deal stocks, sooner or later, or are the subject of some other extraordinary events, positive or negative.

Bullish Stocks: Rising Price and Rising Volume
% Price Change, Symbol, Name

0.84% , FDV , Value 40 Large Low P/E FT DB, FDV
2.06% , IAH , Internet Architecture H, IAH
12.78% , SYMC , SYMANTEC
4.51% , EWK , Belgium Index, EWK
6.21% , LSI , LSI LOGIC
1.95% , PZJ , SmallCap PS Zacks, PZJ
10.88% , HGSI , Human Genome Sciences Inc
5.25% , AET , AETNA
11.21% , FRE , FREDDIE MAC
5.13% , ERIC.O , LM Ericsson Telephone Company
1.92% , PEJ , Leisure & Entertainment, PEJ
9.80% , MOT , MOTOROLA
7.17% , PTEN , Patterson-UTI Energy Inc
1.66% , IJT , Growth BARRA Small Cap 600, IJT
2.51% , PXJ , Oil & Gas, PXJ
13.89% , LNC , LINCOLN NATL
2.24% , PIC , Insurance, PIC
2.88% , IGN , Networking, IGN
9.80% , FNM , FANNIE MAE
12.11% , MTG , MGIC INVESTMENT
5.32% , ESRX , EXPRESS SCRIPTS
6.74% , OMX , OFFICEMAX INC., OMX
6.53% , ATI , ALLEGHENY TECH
3.00% , RZV , Value SmallCap S&P 600, RZV
4.04% , PG , PROCTER & GAMBLE
4.99% , JWN , NORDSTROM
8.76% , BC , BRUNSWICK
2.54% , CMS , CMS ENERGY
10.53% , MI , MARSHAL & ILSLEY
2.82% , PKI , PERKINELMER
2.14% , IJJ , Value MidCap S&P 400 B, IJJ
2.33% , IGV , Software, IGV
1.89% , JKK , Growth SmallCap iS M, JKK
7.09% , PFG , PRINCIPAL FINL
2.73% , GWW , WW GRAINGER
9.14% , ODP , OFFICE DEPOT
2.07% , IYY , LargeCap Blend Total Market DJ, IYY
5.59% , HUM , HUMANA
1.88% , SLM , SLM CORP
2.74% , VO , MidCap VIPERs, VO

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name

-4.00% , AYE , ALLEGHENY ENERGY
-3.82% , XRAY , DENTSPLY International Inc
-4.63% , S , SPRINT NEXTEL
-2.31% , MRK , MERCK & CO
-3.29% , PNW , PINNACLE WEST
-3.02% , JNPR , Juniper Networks Inc
-1.08% , SGP , SCHERING PLOUGH
-4.48% , MDP , MEREDITH
-1.27% , AVP , AVON
-1.48% , HSIC , Henry Schein Inc
-1.03% , MON , MONSANTO
-2.37% , DYN , DYNEGY
-1.03% , BIIB , BIOGEN IDEC
-1.42% , MCO , MOODYS CORP
-0.47% , GPC , GENUINE PARTS
-0.50% , HSP , HOSPIRA
-1.27% , PAYX , PAYCHEX
-0.44% , BAX , BAXTER INTL
-0.31% , ABT , ABBOTT LABS
-0.04% , TTH , Telecom H, TTH
-0.04% , KSU , Kansas City Southern, KSU
-1.09% , TLT , Bond, 20+ Years Treasury, TLT
-0.08% , CNP , CENTERPNT ENERGY
-0.06% , FPL , FPL GROUP INC
-0.26% , LH , LAB CRP OF AMER

9 major U.S. stock sectors ranked in order of long-term relative strength:

Technology Neutral, Market Weight. The Relative Strength Ratio rose to another new 12-week high on 10/28/09. Short term and intermediate term, the relative trend is bullish. Long term, on 7/22/09, XLK/SPY rose to its highest level in 7 years, thereby confirming a long-term uptrend in effect since 9/30/02.

Consumer Discretionary Neutral, Market Weight. The Relative Strength Ratio broke down to a new 8-week low on 10/28/09, turning the short-term relative trend bearish. Long term, XLY was relatively strong from 11/19/08 to 4/30/09, but that trend is now in question.

Consumer Staples Neutral, Market Weight. The Relative Strength Ratio broke out above previous 13-week highs on 10/28/09. This defensive sector outperforms when investors move away from risk.

Financial Bearish, Underweight. The Relative Strength Ratio broke down to a new 11-week low on 10/28/09. The XLF/SPY trend looks bearish for the intermediate-term and probably the long-term as well.

Energy Neutral, Market Weight. The Relative Strength Ratio turned down after peaking on 10/21/09. XLE/SPY was in a strong uptrend 10/2/09 to 10/21/09. Longer term, it appears likely that XLE/SPY bottomed a year ago, on 10/16/08, and has been building a technical base over the past year.

Industrial Neutral, Market Weight. The Relative Strength Ratio broke down to a new 8-week low on 10/27/09. XLI/SPY has underperformed since making a high on 9/17/09. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09. The long-term trend peaked on 3/31/08.

Materials Neutral, Market Weight. The Relative Strength Ratio broke down to a new 14-week low on 10/28/09. Short term and intermediate term, the relative trend is bearish. Long term, XLB/SPY has underperformed for 16 months since 6/23/08.

Health Care Bearish, Underweight. The Relative Strength Ratio broke out above previous 3-week highs on 10/28/09, which appears bullish for the short term. XLV/SPY fell below the lows of the previous 12 months on 10/22/09, which appeared bearish for the long term.

Utilities Bearish, Underweight. The Relative Strength Ratio fell below previous 24-month lows on 10/14/09. XLU has underperformed since 11/21/08, as the appetite for risk recovered.

Emerging Markets Stocks ETF Relative Strength Ratio fell steeply, breaking down below the lows of the previous 5 weeks on 10/28/09, confirming a downside correction for the short term. EEM/SPY moved above previous 6-year highs on 10/14/09, confirming a major bull market trend.

Foreign Stocks ETF Relative Strength Ratio fell steeply, breaking down below the lows of the previous 8 weeks on 10/28/09, confirming a downside correction for the short term. above previous 6-week highs on 10/21/09. The ratio outperformed from 10/27/08 to 9/9/09, and that uptrend could resume eventually. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.

NASDAQ Composite/S&P 500 Relative Strength Ratio fell further below 8-week lows on 10/29/09. Short term and intermediate term, the relative trend is bearish.

Growth Stock/Value Stock Relative Strength Ratio broke out above highs of the previous 12 weeks on 10/28/09. IWF/IWD was in an uptrend from 8/8/06 to 3/5/09, and it seems quite possible that uptrend could resume.

Russell 1000 Value ETF Relative Strength Ratio broke down below the lows of the previous 11 weeks on 10/28/09. IWD/SPY has underperformed since 9/18/09. Long term, IWD/SPY remains in a bearish trend, underperforming since 3/22/07.

The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index broke down to a new 8-week low on 10/28/09, confirming a significant downside correction. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09, and that trend could resume when this correction is over.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio broke out above the highs of the previous 13 weeks on 10/28/09, as the market shifted back again toward risk aversion.

The Small Cap/Large Cap Relative Strength Ratio fell below the lows of the previous 16 weeks on 10/29/09, confirming again the preexisting bearish trend.

The Mid Cap/Large Cap Relative Strength Ratio broke down to a new 13-week low on 10/28/09, indicating a significant downside correction. The major secular trend since 1999 remains bullish, however.

Crude Oil nearest futures contract price rose above the highs of the previous 2 trading days on 10/29/09, breaking a short-term downtrend. Oil made a new 12-month high of 82.00 on 10/21/09, confirming a bullish major trend. Potential support may be seen around the low of 77.03 set on 10/28/09 and the high of 75.00 set on 8/25/09.

Gold nearest futures contract price rose above the highs of the previous 2 trading days on 10/29/09, after breaking down below the lows of the previous 3 weeks on 10/28/09. The short-term downtrend now appears uncertain and questionable. Gold rose to an all-time high of 1072.0 on 10/14/09, confirming a bullish major trend. Technical supports might be found around previous highs and lows at 1026.9, 1024.7, 982.2, 940.3, 931.5, 925.2 and 904.8, based on the nearest futures contract. Watch highs at 1069.0 and 1072.0 for potential resistance.

Gold Mining Stocks ETF Relative Strength Ratio broke down below the lows of the previous 8 weeks on 10/28/09. The 2-week, short-term trend was weak. The ratio rose to a 14-month high on 9/17/09, confirming a preexisting longer-term uptrend in effect since 10/27/08. This main trend remains bullish for both Gold bullion and Gold Mining Stocks.

Silver/Gold Ratio fell steeply to another new 8-week low on 10/28/09, indicating a significant downside correction. A downtrend suggests doubts about global economic prospects.

Copper nearest futures contract price recovered the losses of the previous 3 trading days on 10/29/09, The short term now appears uncertain and questionable. Copper broke out to a new 13-month high of 3.0575 on 10/21/09, confirming that the main trend remains bullish. Falling copper prices suggest doubts about global economic prospects, while rising copper prices suggest growing confidence.

U.S. Treasury Bond December futures contract price surrendered the gains of the previous 2 days on 10/29/09. The Bond fell below the lows of the previous 6 weeks on 10/26/09, turning the short-term trend bearish. The Bond may find short-term support around the previous lows of 117.25 set on 10/26/09, 117.18 set on 9/9/09, and 116.30 set on 8/24/09. On 8/7/09, Bonds found support at the upper end of the 112-115 zone of many previous reversal points .

Bond Quality Relative Strength Ratio fell below the lows of the previous 3 weeks on 10/28/09, confirming a preexisting downside correction for the short term. When JNK/LQD is in weak, that indicates risk aversion—but that applies only to short-term trading, in this case. Long term, JNK/LQD rose to a new 12-month high on 10/23/09, indicating an increasing appetite for risk. It is very important to put conflicting trends in different time frames into perspective, giving much more weight to the major long-term trend.

The U.S. dollar nearest futures contract price surrendered the gains of the previous 2 days, in what appears to be a normal reaction. USD rose above the highs of the previous 2 weeks on 10/28/09, which may have seemed bullish for the short term, but the dominant trend is not bullish. USD fell below the lows of the previous 14 months on 10/21/09, confirming a bearish major trend.

The Art of Contrary Thinking: The various surveys of investor sentiment are best considered as background factors. The majority of investors can be right for a long time before a major trend finally changes course. So, Contrary Thinking should be used with more precise market timing tools.

Advisory Service Sentiment: There were 48.3% Bulls versus 22.5% Bears as of 10/28/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.15, up from 2.14 the previous week. The ratio was 2.61 on 8/26/09, the highest reading since 10/17/07. The ratio’s 39-year range is 0.28 to 17.51, the median is 1.43, and the mean is 1.73.

VIX Fear Index touched a new 13-month low of 20.10 on 10/21/09, confirming declining fear. VIX is down from a closing high of 80.86 set on 11/20/08. VIX is a market estimate of expected constant 30-day volatility, calculated by weighting S&P 500 Index CBOE option bid/ask quotes spanning a wide range of strike prices for the two nearest expiration dates.

VXN Fear Index touched a new 13-month low of 20.75 on 10/21/09. VXN is down from a closing high of 80.64 set on 11/20/08. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

ISEE Call/Put Ratio rose to 1.82 on 10/14/09, indicating bullish sentiment. The ratio’s 5-year mean is 1.43, median is 1.38, and its range is 0.51 to 3.16.

CBOE Put/Call Ratio fell to 0.46 on 10/14/09, indicating bullish sentiment. The ratio’s 5-year mean is 0.67, median is 0.65, and its range is 0.35 to 1.35.

Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and a net balance of positive earnings surprises. The unfolding fallout from the credit market crisis derailed that engine. Since the stock market low on 3/9/09, massive monetary and fiscal stimulation appears to have had a Bullish impact on investor sentiment.

The Dow Theory signaled a Primary Tide Bull Market on 7/23/09 when both the Dow-Jones Industrial Average the Dow-Jones Transportation Average closed above their May-June 2009 closing price highs. This reverses the previous signal: the two Averages signaled a Primary Tide Bear Market on 11/21/07, when both Averages closed below their closing price lows of August, 2007.

S&P 500 Cash Index Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,381.50, Fibonacci 78.6% of 2007-2009 range
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15, high of 8/11/2008
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1,238.81, Fibonacci 78.6% of 1,576.09 high
1,228.74, Fibonacci 61.8% of 2007-2009 range
1,220.03, high of 9/25/2008
1,158.76, EW ABC measured move target
1,121.44, Fibonacci 50.0% of 2007-2009 drop
1,101.36, high of 10/21/2009

S&P 500 Cash Index Potential Support
1,047.03, Gann 12.5% Retrace of 2009 range
1,041.17, low of 9/25/2009
1,035.00, low of 9/14/2009
1,019.85, low of 10/2/2009
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1,007.78, Gann 37.5% of 2007-2009 range
998.80, Fibonacci 23.6% Retrace of 2009 range
991.97, low of 9/2/2009
992.72, Gann 25% Retrace of 2009 range
995.13, Fibonacci 23.6% of 2009 range
978.51, low of 8/17/2009
956.23, high of 6/11/2009
935.35, Fibonacci 38.2% Retrace of 2009 range
930.17, high of 5/8/2009
884.08, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
832.80, Fibonacci 61.8% Retrace of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
775.43, Gann 75% Retrace of 2009 range
759.79, Fibonacci 78.6% Retrace of 2009 range
721.11, Gann 87.5% Retrace of 2009 range
666.79, intraday low of 3/6/2009
602.07, Fibonacci 38.2% of 1,576.09 high

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol


7.70% Brazil Index, EWZ
6.56% Latin Am 40, ILF
5.67% South Africa Index, EZA
5.46% Austria Index, EWO
5.21% Internet Infrastructure H, IIH
5.14% Value S&P 500, RPV
5.01% Metals & Mining SPDR, XME
4.95% Emerging 50 BLDRS, ADRE
4.84% REIT Wilshire, RWR
4.77% Sweden Index, EWD
4.68% Realty Cohen & Steers, ICF
4.60% Financials Global LargeCap Value, IXG
4.57% REIT VIPERs, VNQ
4.52% Mexico Index, EWW
4.51% Belgium Index, EWK
4.46% Netherlands Index, EWN
4.45% WilderHill Clean Energy PS, PBW
4.43% Emerging Markets, EEM
4.31% Real Estate US DJ, IYR
4.31% Spain Index, EWP
4.24% Emerging VIPERs, VWO
4.18% Financial SPDR, XLF
4.13% Ultra S&P500 Double, SSO
4.08% Ultra MidCap400 Double, MVV
3.98% Italy Index, EWI
3.85% Basic Materials DJ US, IYM
3.78% Ultra Dow30 Double, DDM
3.77% Euro STOXX 50, FEZ
3.73% EMU Europe Index, EZU
3.71% Financials VIPERs, VFH
3.70% Energy Exploration & Prod, PXE
3.69% Asia 50 BLDRS, ADRA
3.69% Financial DJ US, IYF
3.66% European VIPERs, VGK
3.65% Oil, Crude, U.S. Oil Fund, USO
3.63% Bank Regional H, RKH
3.62% Germany Index, EWG
3.60% Natural Resource iS GS, IGE
3.59% Financial Services DJ, IYG
3.49% China LargeCap Growth G D H USX PS, PGJ
3.48% South Korea Index, EWY
3.47% Silver Trust iS, SLV
3.42% Value EAFE MSCI, EFV
3.41% Developed 100 BLDRS, ADRD
3.40% Value LargeCap Fundamental RAFI 1000, PRF
3.34% Dividend International, PID
3.31% Europe 350 S&P Index, IEV
3.30% Ultra QQQ Double, QLD
3.27% Value MidCap iS M, JKI
3.27% Canada Index, EWC
3.24% Homebuilders SPDR, XHB
3.18% Growth EAFE MSCI, EFG
3.14% Materials VIPERs, VAW
3.14% France Index, EWQ
3.13% Oil Services H, OIH
3.11% Commodity Tracking, DBC
3.06% Water Resources, PHO
3.04% Value SmallCap iS M, JKL
3.02% Value MidCap Russell, IWS
3.00% Value SmallCap S&P 600, RZV
2.98% Materials SPDR, XLB
2.95% EAFE Index, EFA
2.88% Networking, IGN
2.88% United Kingdom Index, EWU
2.85% Singapore Index, EWS
2.83% Growth MidCap S&P 400, RFG
2.82% Capital Markets KWB ST, KCE
2.78% Growth Small Cap DJ, DSG
2.78% Europe 100 BLDRS, ADRU
2.77% Switzerland Index, EWL
2.74% MidCap VIPERs, VO
2.74% MidCap Blend Core iS M, JKG
2.72% Consumer D. VIPERs, VCR
2.71% Value LargeCap Russell 3000, IWW
2.69% Energy VIPERs, VDE
2.68% Consumer Discretionary SPDR, XLY
2.67% LargeCap Blend NYSE Composite iS, NYC
2.66% Energy SPDR, XLE
2.60% Nanotech Lux, PXN
2.58% Value Small Cap DJ, DSV
2.57% Value SmallCap VIPERS, VBR
2.57% Value 1000 Russell, IWD
2.53% Growth S&P 500, RPG
2.53% Energy Global, IXC
2.53% India Earnings WTree, EPI
2.51% Oil & Gas, PXJ
2.49% Software, PSJ
2.49% MidCap Russell, IWR
2.47% China 25 iS, FXI
2.46% Semiconductor iS GS, IGW
2.46% LargeCap Blend S&P=Weight R, RSP
2.42% Technology MS sT, MTK
2.41% Pacific ex-Japan, EPP
2.41% SmallCap Core iS M, JKJ
2.41% Value VIPERs, VTV
2.39% Industrial SPDR, XLI
2.36% Biotech & Genome, PBE
2.35% Value S&P 500 B, IVE
2.34% Energy DJ, IYE
2.33% Small Cap VIPERs, VB
2.33% Software, IGV
2.33% Global 100, IOO
2.31% Building & Construction, PKB
2.30% Telecommunications Global, IXP
2.29% Semiconductor SPDR, XSD
2.26% LargeCap Blend Russell 3000, IWV
2.25% Extended Mkt VIPERs, VXF
2.24% Insurance, PIC
2.21% Consumer Cyclical DJ, IYC
2.21% Biotech SPDR, XBI
2.21% Growth SmallCap VIPERs, VBK
2.20% Growth MidCap 400 B, IJK
2.20% LargeCap Blend S&P 1500 iS, ISI
2.20% Growth Large Cap, ELG
2.16% Industrial LargeCap Blend DJ US, IYJ
2.16% MidCap Growth iS M, JKH
2.16% LargeCap Blend Dynamic PS, PWC
2.16% Value SmallCap Russell 2000, IWN
2.15% Short 200% US T Bond, TBT
2.15% S&P 500 SPDRs LargeCap Blend, SPY
2.14% Value Large Cap DJ, ELV
2.14% Retail H, RTH
2.14% Value LargeCap iS M, JKF
2.14% Value MidCap S&P 400 B, IJJ
2.13% Micro Cap Zachs, PZI
2.13% Wilshire 5000 ST TM, TMW
2.11% Value MidCap Dynamic PS, PWP
2.11% LargeCap VIPERs, VV
2.10% S&P 500 iS LargeCap Blend, IVV
2.08% LargeCap 1000 R, IWB
2.07% LargeCap Blend Total Market DJ, IYY
2.06% Semiconductors, PSI
2.06% Internet Architecture H, IAH
2.06% MidCap S&P 400 SPDRs, MDY
2.05% Semiconductor H, SMH
2.05% Australia Index, EWA
2.04% Microcap Russell, IWC
2.03% Pacific VIPERs, VPL
2.03% LargeCap Blend Core iS M, JKD
2.02% Blend Total Market VIPERs, VTI
2.01% Technology Global, IXN
2.00% MidCap S&P 400 iS, IJH
1.97% Growth MidCap Russell, IWP
1.96% Lg Cap Growth PSD, PWB
1.95% Info Tech VIPERs, VGT
1.95% SmallCap PS Zacks, PZJ
1.94% Gold Shares S.T., GLD
1.93% Technology SPDR, XLK
1.92% Leisure & Entertainment, PEJ
1.92% Value LargeCap NYSE 100 iS, NY
1.91% Software H, SWH
1.91% Retail, PMR
1.90% DIAMONDS , DIA
1.90% SmallCap Russell 2000, IWM
1.89% Value Line Timeliness MidCap Gr, PIV
1.89% Growth SmallCap iS M, JKK
1.88% Growth VIPERs, VUG
1.88% Growth S&P 500/BARRA, IVW
1.87% Technology DJ US, IYW
1.87% Hong Kong Index, EWH
1.87% Industrials VIPERs, VIS
1.85% Technology GS, IGM
1.83% Japan LargeCap Blend TOPIX 150, ITF
1.82% LargeCap Blend S&P 100, OEF
1.82% Value SmallCap S&P 600 B, IJS
1.80% Growth SmallCap R 2000, IWO
1.80% Malaysia Index, EWM
1.80% SmallCap S&P 600, IJR
1.80% Growth LargeCap Russell 3000, IWZ
1.77% Value SmallCap Dynamic PS, PWY
1.77% Growth LargeCap iS M, JKE
1.76% Growth LargeCap NASDAQ Fidelity, ONEQ
1.71% Dividend Appreciation Vipers, VIG
1.69% Growth LargeCap NASDAQ 100, QQQQ
1.69% Consumer Non-Cyclical, IYK
1.68% Dividend Achievers PS, PFM
1.67% Consumer Staples VIPERs, VDC
1.67% Value LargeCap Dynamic PS, PWV
1.66% LargeCap Rydex Rus Top 50, XLG
1.66% Growth BARRA Small Cap 600, IJT
1.63% Dividend High Yield Equity PS, PEY
1.63% Consumer Staples SPDR, XLP
1.61% Global Titans, DGT
1.59% Growth 1000 Russell, IWF
1.58% Transportation Av DJ, IYT
1.58% Japan Index, EWJ
1.57% Value LargeCap Euro STOXX 50 DJ, FEU
1.56% OTC Dynamic PS, PWO
1.56% Dividend DJ Select, DVY
1.54% Aerospace & Defense, PPA
1.53% Growth Mid Cap Dynamic PS, PWJ
1.53% LargeCap Blend Socially Responsible iS, KLD
1.49% Growth SmallCap Dynamic PS, PWT
1.46% Food & Beverage, PBJ
1.40% Bond, High-Yield Corporate, HYG
1.24% Financial Preferred, PGF
1.17% Healthcare Global, IXJ
1.15% Dividend SPDR, SDY
1.13% IPOs, First Tr IPOX-100, FPX
1.12% Internet H, HHH
1.08% Pharmaceuticals, PJP
1.05% Short 200% Bond 7-10 Yr T, PST
0.99% Healthcare DJ, IYH
0.98% Health Care VIPERs, VHT
0.96% Utilities DJ, IDU
0.91% Utilities VIPERs, VPU
0.89% Health Care SPDR, XLV
0.87% Utilities SPDR, XLU
0.85% Telecom Services VIPERs, VOX
0.84% Taiwan Index, EWT
0.84% Value 40 Large Low P/E FT DB, FDV
0.79% Telecom DJ US, IYZ
0.78% Utilities, PUI
0.76% Dividend Leaders, FDL
0.75% Utilities H, UTH
0.69% Preferred Stock iS, PFF
0.58% Telecommunications & Wireless, PTE
0.42% Pharmaceutical H, PPH
0.12% Bond, Corp, LQD
0.01% Bond, TIPS, TIP
0.00% Internet B2B H, BHH
-0.04% Telecom H, TTH
-0.08% Bond, 1-3 Year Treasury, SHY
-0.20% Bond, Aggregate, AGG
-0.35% Biotech H, BBH
-0.48% Bond, 10 Year Treasury, IEF
-1.09% Bond, 20+ Years Treasury, TLT
-1.79% Short 100% QQQ, PSQ
-1.91% Short 100% Dow 30, DOG
-2.08% Short 100% S&P 500, SH
-2.18% Short 100% MidCap 400, MYY
-3.21% Short 200% QQQ PS, QID
-3.78% Short 200% Dow 30 PS, DXD
-4.20% Short 200% S&P 500 PS, SDS
-4.21% Short 200% MidCap 400 PS, MZZ

Read More at TraderPlanet.com »

Bookmark and Share

Recent articles from this author



About the author


Robert W. Colby
Senior Analyst, TraderPlanet.com

Robert W. Colby is managing director of Colby Research in New York and the author of The Encyclopedia of Technical Market Indicators, Second Edition, which has become the standard reference work throughout the world for technical indicators and trading systems design.

Colby’s firm develops research methods and custom investment decision-making systems for institutional and private clients. Colby also writes daily technical market analysis and strategy comments for an experimental educational service exploring investment strategy ideas for professional investors and traders.

He previously was a proprietary trader at Schonfeld Securities with complete profit-and-loss responsibility for one of the firm’s equities trading accounts and was senior technical research analyst and vice president at Smith Barney in New York in the 1980s, writing daily and weekly reports and making thousands of presentations to institutional and individual investors. He created an objective technical and quantitative ranking system for stock selection across the full spectrum of industry groups, foreign and domestic stocks.

A graduate of Ohio State University with a BS in finance, Colby is a Chartered Market Technician (CMT) and a member of the Market Technicians Association since 1980.

He also has been a part-time professor at New York University and NewYork Institute of Finance, developing several new courses.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2009 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement