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U.S. Stock Market Update


For Week of November 24, 2014, to November 28, 2014


Weakness of the Global Economy Stimulates Demand for U.S. Bonds and Stocks

Preview from my weekly report*

Central banks around the world keep on increasing monetary stimulus in efforts to ward-off deflation and recession. Excess monetary liquidity mainly stimulates demand for financial assets--and particularly in the U.S.

U.S. Treasury bond prices rose to their highest levels in a month last week, suggesting renewed upside momentum, as disappointing economic indicators out of Japan, China, and the eurozone boosted demand for safe-haven assets. A stronger U.S. dollar combined with extremely low bond yields in Germany and Japan make higher-yielding U.S. Treasury bonds more appealing to investors seeking relative value among the world's liquid bond markets.

The strong U.S. dollar and weaker foreign economies also stimulated demand for U.S. stocks. The Dow Theory reconfirmed a major bull market trend on Friday, and the S&P 500, S&P Mid Cap 400, Nasdaq Composite, Wilshire 5000, and the Cumulative Daily Advancing-Declining Volume Line also rose to higher highs to confirm the bullish trend.

Still, not all of the stock market indicators are "in gear" and pulling together. For example, the following technical indicators did not reach new highs to confirm the U.S. stock-market uptrend:
Cumulative Daily Advance-Decline Line
% of S&P 500 stocks trading above their 50-day simple moving averages
% of S&P 500 stocks trading above their 200-day simple moving averages
% of S&P 500 stocks in bullish point-and-figure uptrends
% of NASDAQ stocks in bullish point-and-figure uptrends
NYSE daily net new highs
Value Line Geometric Index
Value Line Arithmetic Index
NYSE Composite
Russell 2000 Small Cap
Global Dow Index
Emerging Markets and BRICs
These measures of the stock market trend are lagging and bear watching.

If all is well for the stock market, then why are bonds outperforming stocks this year? We believe there has been a quiet shift to the safety of U.S. Treasury Bonds in 2014. Smart investors know that the global financial problems that crashed the stock market in years 2008 and 2000 have not been fixed and will resurface in the next recession. Japan is now in a recession, Europe is on the brink of recession, and even China's growth rate has slowed considerably. The only reason the whole world is not in a recession and bear market appears to be the coordinated and unprecedented monetary stimulus by global monetary authorities printing unlimited trillions of free "money". Of course, that can't go on forever, and when it stops, financial markets may react.
...
*For extensive coverage of major global markets with illustrative charts, take a free trial for my weekly report --
click here.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Analysis of market forces may offer a sense of probabilities. But the many variables that can impact market prices are notoriously difficult to predict. And, market analysis is something less than an exact science. So, sound trading tactics are always recommended. See my
Money Management Rules.

This Technical Analysis is made possible by use of MetaStock software. Try it at no risk.

MetaStock Software. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Based on prices as of the close on Friday, March 21, 2014.


9.6-Year Outperformance by the
Top 10 Exchange Traded Funds

Weekly Rankings of Major Trend Relative Strength

My weekly Top 10 ETFs ranked by the Major Trend Relative Strength outperformed the S&P 500 by 117 percentage points over a 9.6 years period of real-time weekly tests. Click here for a graph of simulated performance.

Please note that my ETF rankings are available by subscription--NOW WITH A NO-RISK FREE TRIAL.
See The Colby Global Markets Report (click here).

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Simulated weekly performance
of my Top 10 ETFs

As shown below, my Top 10 ETFs, ranked each week by their relative strength, gained substantially more than the S&P 500 over a period of nearly 10 years, from August, 2004, to March, 2014, in simulation. Click here for a graph of simulated performance.

To see my current rankings of hundreds of ETFs, with updated performance data, plus extensive coverage of major global markets with illustrative charts, take a free trial for my weekly report -- click here.

According to CFTC Rule 4.41, hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

My ETF Rankings are not investment advice. Rather, they are an objective ongoing research study.

Date , S&P 500 , Top 10
8/20/04 , 100.00 , 100.00
8/27/04 , 100.86 , 101.91
9/3/04 , 101.39 , 101.90
9/11/04 , 102.33 , 103.88
9/17/04 , 102.75 , 104.31
9/24/04 , 101.07 , 106.78
10/1/04 , 103.02 , 106.69
10/8/04 , 102.17 , 110.18
10/15/04 , 100.90 , 111.75
10/22/04 , 99.76 , 109.37
10/29/04 , 102.90 , 110.15
11/5/04 , 106.17 , 111.23
11/12/04 , 107.81 , 114.52
11/19/04 , 106.55 , 117.46
11/26/04 , 107.68 , 116.81
12/3/04 , 108.45 , 120.65
12/10/04 , 108.16 , 122.30
12/17/04 , 108.73 , 118.70
12/24/04 , 110.18 , 120.94
12/31/04 , 110.34 , 122.56
1/7/05 , 108.00 , 124.27
1/14/05 , 107.85 , 117.64
1/22/05 , 106.33 , 118.28
1/28/05 , 106.65 , 115.88
2/4/05 , 109.53 , 118.24
2/11/05 , 109.74 , 122.17
2/18/05 , 109.40 , 124.41
2/26/05 , 110.29 , 127.46
3/4/05 , 111.27 , 132.68
3/11/05 , 109.26 , 134.14
3/18/05 , 108.31 , 129.62
3/25/05 , 106.65 , 127.85
4/1/05 , 106.79 , 122.68
4/8/05 , 107.54 , 125.70
4/15/05 , 104.03 , 125.41
4/22/05 , 104.90 , 118.40
4/29/05 , 105.33 , 121.41
5/6/05 , 106.65 , 119.85
5/13/05 , 105.07 , 121.51
5/20/05 , 108.28 , 116.64
5/27/05 , 109.14 , 120.80
6/4/05 , 108.89 , 121.63
6/10/05 , 109.08 , 122.76
6/17/05 , 110.80 , 123.09
6/24/05 , 108.49 , 128.50
7/1/05 , 108.75 , 125.38
7/9/05 , 110.33 , 127.64
7/15/05 , 111.80 , 129.40
7/22/05 , 112.32 , 129.44
7/29/05 , 112.37 , 133.01
8/5/05 , 111.66 , 134.40
8/12/05 , 112.02 , 135.66
8/19/05 , 111.05 , 138.84
8/26/05 , 109.72 , 134.34
9/2/05 , 110.90 , 134.72
9/10/05 , 113.03 , 142.25
9/16/05 , 112.71 , 145.58
9/23/05 , 110.65 , 145.65
9/30/05 , 111.88 , 146.84
10/7/05 , 108.88 , 150.57
10/14/05 , 108.03 , 141.26
10/21/05 , 107.40 , 137.12
10/28/05 , 109.11 , 134.34
11/4/05 , 111.09 , 136.69
11/11/05 , 112.42 , 142.53
11/18/05 , 113.65 , 143.84
11/25/05 , 115.47 , 145.81
12/2/05 , 115.18 , 149.02
12/9/05 , 114.66 , 150.54
12/16/05 , 115.38 , 151.02
12/23/05 , 115.51 , 149.72
12/31/05 , 113.65 , 152.29
1/7/06 , 117.03 , 151.09
1/13/06 , 117.23 , 161.86
1/21/06 , 114.85 , 162.81
1/27/06 , 116.88 , 161.57
2/3/06 , 115.08 , 166.78
2/10/06 , 115.35 , 162.81
2/17/06 , 117.20 , 160.41
2/25/06 , 117.40 , 162.62
3/3/06 , 117.20 , 163.95
3/10/06 , 116.67 , 163.37
3/17/06 , 119.02 , 154.31
3/24/06 , 118.63 , 161.00
3/31/06 , 117.89 , 160.19
4/7/06 , 117.95 , 161.40
4/14/06 , 117.37 , 164.56
4/21/06 , 119.39 , 164.21
4/28/06 , 119.33 , 173.62
5/5/06 , 120.70 , 172.42
5/12/06 , 117.56 , 180.23
5/19/06 , 115.36 , 174.52
5/26/06 , 116.55 , 162.11
6/3/06 , 117.29 , 159.42
6/9/06 , 114.02 , 159.68
6/16/06 , 113.95 , 148.42
6/23/06 , 113.31 , 145.56
6/30/06 , 115.65 , 146.29
7/7/06 , 115.22 , 153.11
7/14/06 , 112.55 , 152.15
7/21/06 , 112.92 , 150.84
7/28/06 , 116.41 , 154.93
8/4/06 , 116.48 , 157.29
8/11/06 , 115.33 , 154.55
8/18/06 , 118.57 , 154.44
8/25/06 , 117.91 , 152.05
9/1/06 , 119.36 , 154.35
9/9/06 , 118.26 , 150.73
9/15/06 , 120.15 , 153.02
9/22/06 , 119.71 , 153.19
9/29/06 , 121.62 , 154.84
10/6/06 , 122.87 , 156.44
10/13/06 , 124.33 , 159.77
10/20/06 , 124.61 , 159.84
10/27/06 , 125.40 , 161.04
11/3/06 , 124.21 , 159.49
11/10/06 , 125.72 , 163.29
11/17/06 , 127.57 , 165.07
11/24/06 , 127.55 , 167.50
12/1/06 , 127.16 , 166.09
12/8/06 , 128.36 , 168.66
12/15/06 , 129.93 , 170.28
12/22/06 , 128.44 , 165.79
12/29/06 , 129.13 , 171.22
1/5/07 , 128.35 , 166.88
1/12/07 , 130.26 , 168.24
1/19/07 , 130.24 , 168.95
1/26/07 , 129.48 , 169.36
2/2/07 , 131.87 , 172.69
2/9/07 , 130.93 , 174.36
2/16/07 , 132.52 , 176.28
2/23/07 , 132.12 , 175.58
3/2/07 , 126.30 , 159.04
3/9/07 , 127.67 , 162.61
3/16/07 , 126.28 , 160.79
3/23/07 , 130.75 , 169.15
3/30/07 , 129.36 , 169.59
4/6/07 , 131.45 , 176.16
4/13/07 , 132.28 , 179.67
4/20/07 , 135.14 , 182.01
4/27/07 , 136.03 , 181.21
5/4/07 , 137.08 , 184.23
5/11/07 , 137.10 , 184.71
5/18/07 , 138.64 , 187.36
5/25/07 , 138.00 , 186.33
6/1/07 , 139.88 , 192.19
6/8/07 , 137.27 , 185.55
6/15/07 , 139.56 , 192.92
6/22/07 , 136.80 , 192.29
6/29/07 , 136.87 , 190.20
7/6/07 , 139.34 , 199.72
7/13/07 , 141.35 , 205.39
7/20/07 , 139.67 , 203.16
7/27/07 , 132.83 , 189.93
8/3/07 , 130.47 , 184.58
8/10/07 , 132.35 , 182.79
8/17/07 , 131.65 , 172.13
8/24/07 , 134.69 , 182.28
8/31/07 , 134.20 , 185.84
9/7/07 , 132.34 , 182.92
9/14/07 , 135.13 , 189.73
9/21/07 , 138.91 , 201.08
9/28/07 , 139.00 , 207.07
10/5/07 , 141.81 , 217.06
10/12/07 , 142.20 , 222.48
10/19/07 , 136.63 , 213.36
10/26/07 , 139.78 , 227.40
11/2/07 , 137.45 , 226.57
11/9/07 , 132.35 , 212.38
11/16/07 , 132.81 , 209.55
11/23/07 , 131.17 , 202.27
11/30/07 , 134.85 , 206.12
12/7/07 , 136.99 , 211.39
12/14/07 , 133.65 , 200.62
12/21/07 , 135.15 , 205.20
12/28/07 , 134.61 , 205.02
1/4/08 , 128.52 , 198.75
1/11/08 , 127.56 , 200.50
1/18/08 , 120.65 , 188.83
1/25/08 , 121.15 , 187.64
2/1/08 , 127.05 , 181.90
2/8/08 , 121.21 , 181.09
2/15/08 , 122.91 , 181.77
2/22/08 , 124.11 , 188.08
2/29/08 , 121.15 , 192.12
3/7/08 , 117.76 , 193.50
3/14/08 , 117.28 , 195.18
3/20/08 , 121.05 , 180.69
3/28/08 , 119.75 , 182.06
4/4/08 , 124.77 , 181.64
4/11/08 , 121.35 , 182.30
4/18/08 , 126.58 , 191.34
4/25/08 , 127.27 , 189.58
5/2/08 , 128.73 , 187.80
5/9/08 , 126.40 , 193.58
5/16/08 , 129.77 , 201.96
5/23/08 , 125.27 , 200.26
5/30/08 , 127.50 , 202.73
6/6/08 , 123.88 , 205.04
6/13/08 , 123.82 , 203.44
6/20/08 , 119.99 , 204.08
6/27/08 , 116.39 , 204.55
7/3/08 , 114.98 , 198.71
7/11/08 , 112.85 , 198.77
7/18/08 , 114.78 , 189.17
7/25/08 , 114.51 , 188.02
8/1/08 , 114.75 , 192.91
8/8/08 , 118.02 , 184.91
8/15/08 , 118.20 , 186.17
8/22/08 , 117.65 , 182.27
8/29/08 , 116.80 , 179.79
9/5/08 , 113.11 , 176.60
9/12/08 , 113.96 , 174.92
9/19/08 , 114.27 , 174.93
9/26/08 , 110.46 , 172.47
10/3/08 , 100.08 , 190.50
10/9/08 , 82.84 , 232.08
10/17/08 , 85.63 , 217.04
10/24/08 , 79.83 , 237.28
10/31/08 , 88.20 , 203.12
11/7/08 , 84.76 , 211.90
11/14/08 , 79.51 , 226.64
11/21/08 , 72.84 , 249.02
11/28/08 , 81.60 , 217.64
12/5/08 , 79.76 , 220.06
12/12/08 , 80.10 , 216.07
12/19/08 , 80.84 , 215.21
12/26/08 , 79.46 , 218.49
1/2/09 , 84.84 , 200.77
1/9/09 , 81.06 , 204.82
1/16/09 , 77.40 , 213.16
1/23/09 , 75.75 , 216.12
1/30/09 , 75.19 , 215.69
2/6/09 , 79.08 , 200.81
2/13/09 , 75.28 , 212.89
2/20/09 , 70.11 , 231.70
2/27/09 , 66.93 , 239.07
3/6/09 , 62.22 , 258.45
3/13/09 , 68.88 , 227.97
3/20/09 , 69.97 , 225.01
3/27/09 , 74.29 , 205.49
4/3/09 , 76.71 , 197.61
4/10/09 , 77.99 , 196.66
4/17/09 , 79.17 , 195.55
4/24/09 , 78.87 , 195.64
5/1/09 , 79.89 , 193.41
5/8/09 , 84.60 , 196.64
5/15/09 , 80.38 , 185.68
5/22/09 , 80.76 , 186.97
5/29/09 , 83.68 , 195.85
6/5/09 , 85.59 , 197.89
6/12/09 , 86.15 , 196.71
6/19/09 , 83.87 , 187.50
6/26/09 , 83.66 , 188.93
7/3/09 , 81.62 , 185.32
7/10/09 , 80.04 , 179.40
7/17/09 , 85.62 , 193.37
7/24/09 , 89.16 , 204.04
7/31/09 , 89.91 , 204.36
8/7/09 , 92.00 , 206.18
8/14/09 , 91.42 , 204.49
8/21/09 , 93.42 , 205.40
8/28/09 , 93.68 , 205.62
9/4/09 , 92.54 , 202.80
9/11/09 , 94.94 , 209.05
9/18/09 , 97.26 , 215.33
9/25/09 , 95.09 , 209.01
10/2/09 , 93.34 , 202.00
10/9/09 , 97.55 , 215.16
10/16/09 , 99.03 , 218.66
10/23/09 , 98.29 , 215.23
10/30/09 , 94.34 , 198.32
11/6/09 , 97.36 , 207.43
11/13/09 , 99.56 , 213.90
11/20/09 , 99.37 , 210.53
11/27/09 , 99.38 , 210.24
12/4/09 , 100.69 , 214.97
12/11/09 , 100.73 , 210.86
12/18/09 , 100.38 , 207.62
12/24/09 , 102.56 , 214.83
12/31/09 , 101.53 , 212.11
1/8/10 , 104.25 , 219.35
1/15/10 , 103.43 , 213.49
1/22/10 , 99.40 , 201.27
1/29/10 , 97.77 , 195.18
2/5/10 , 97.07 , 189.12
2/12/10 , 97.92 , 195.11
2/19/10 , 100.99 , 202.11
2/26/10 , 100.56 , 201.77
3/5/10 , 103.67 , 212.78
3/12/10 , 104.70 , 217.95
3/19/10 , 105.60 , 216.72
3/26/10 , 106.21 , 218.54
4/1/10 , 107.26 , 221.41
4/9/10 , 108.74 , 226.29
4/16/10 , 108.54 , 221.56
4/23/10 , 110.83 , 227.97
4/30/10 , 108.04 , 220.60
5/7/10 , 101.14 , 200.18
5/14/10 , 103.40 , 207.57
5/21/10 , 99.03 , 194.24
5/28/10 , 99.19 , 198.39
6/4/10 , 96.95 , 189.53
6/11/10 , 99.39 , 198.22
6/18/10 , 101.74 , 204.88
6/25/10 , 98.03 , 200.18
7/2/10 , 93.10 , 191.66
7/9/10 , 98.14 , 196.67
7/16/10 , 96.95 , 193.62
7/23/10 , 100.39 , 200.03
7/30/10 , 100.30 , 203.07
8/6/10 , 102.12 , 205.67
8/13/10 , 98.26 , 199.30
8/20/10 , 97.57 , 202.81
8/27/10 , 96.93 , 203.20
9/3/10 , 100.56 , 209.21
9/10/10 , 101.02 , 208.86
9/17/10 , 102.48 , 213.36
9/24/10 , 104.58 , 217.65
10/1/10 , 104.36 , 223.19
10/8/10 , 106.08 , 226.22
10/15/10 , 107.09 , 229.40
10/22/10 , 107.71 , 227.62
10/29/10 , 107.73 , 227.75
11/5/10 , 111.61 , 239.24
11/12/10 , 109.18 , 231.09
11/19/10 , 109.23 , 232.80
11/26/10 , 108.29 , 225.87
12/3/10 , 111.50 , 236.59
12/10/10 , 112.93 , 236.79
12/23/10 , 114.42 , 236.51
12/31/10 , 114.50 , 237.96
1/7/11 , 115.76 , 232.37
1/14/11 , 117.74 , 237.13
1/21/11 , 116.84 , 227.91
1/28/11 , 116.21 , 231.01
2/4/11 , 119.35 , 239.79
2/11/11 , 121.01 , 242.73
2/18/11 , 122.28 , 250.91
2/25/11 , 120.17 , 250.04
3/4/11 , 120.28 , 255.93
3/11/11 , 118.75 , 245.10
3/18/11 , 116.47 , 243.54
3/25/11 , 119.62 , 255.41
4/8/11 , 120.92 , 264.69
4/15/11 , 120.15 , 258.72
4/22/11 , 121.76 , 266.10
4/29/11 , 124.15 , 268.62
5/6/11 , 122.02 , 244.58
5/13/11 , 121.80 , 244.21
5/20/11 , 121.39 , 243.32
5/27/11 , 121.19 , 246.94
6/3/11 , 118.37 , 241.12
6/10/11 , 115.72 , 234.09
6/17/11 , 115.76 , 231.74
6/24/11 , 115.49 , 228.23
7/1/11 , 121.97 , 237.37
7/8/11 , 122.35 , 242.19
7/15/11 , 119.83 , 238.98
7/22/11 , 122.46 , 244.55
7/29/11 , 117.66 , 238.55
8/5/11 , 109.20 , 221.59
8/12/11 , 107.33 , 225.90
8/19/11 , 102.29 , 231.88
8/26/11 , 107.14 , 230.49
9/2/11 , 106.88 , 235.57
9/9/11 , 105.09 , 232.44
9/16/11 , 110.71 , 227.47
9/23/11 , 103.47 , 214.72
9/30/11 , 103.01 , 214.24
10/7/11 , 105.20 , 212.76
10/14/11 , 111.49 , 213.59
10/21/11 , 112.74 , 212.78
10/28/11 , 117.00 , 215.86
11/4/11 , 114.10 , 214.48
11/11/11 , 115.07 , 215.14
11/18/11 , 110.68 , 208.51
11/25/11 , 105.49 , 204.82
12/2/11 , 113.29 , 206.35
12/9/11 , 114.28 , 206.03
12/16/11 , 111.04 , 200.66
12/23/11 , 115.20 , 203.66
12/30/11 , 114.50 , 203.90
1/6/12 , 116.34 , 203.53
1/13/12 , 117.37 , 205.03
1/20/12 , 119.76 , 207.08
1/27/12 , 119.85 , 209.86
2/3/12 , 122.45 , 215.95
2/10/12 , 122.24 , 211.46
2/17/12 , 123.93 , 214.62
2/24/12 , 124.34 , 215.28
3/2/12 , 124.70 , 214.02
3/9/12 , 124.81 , 215.31
3/16/12 , 127.84 , 220.00
3/23/12 , 127.20 , 220.27
3/30/12 , 128.24 , 221.83
4/6/12 , 127.29 , 220.83
4/13/12 , 124.76 , 215.70
4/20/12 , 125.51 , 215.05
4/27/12 , 127.77 , 221.58
5/4/12 , 124.65 , 216.41
5/11/12 , 123.22 , 216.43
5/18/12 , 117.92 , 205.05
5/25/12 , 119.98 , 208.96
6/1/12 , 116.36 , 204.06
6/8/12 , 120.70 , 206.20
6/15/12 , 122.26 , 207.12
6/22/12 , 121.55 , 206.01
6/29/12 , 124.02 , 210.46
7/6/12 , 123.34 , 212.87
7/13/12 , 123.53 , 213.98
7/20/12 , 124.06 , 213.44
7/27/12 , 126.19 , 215.44
8/3/12 , 126.64 , 213.50
8/10/12 , 128.00 , 211.61
8/17/12 , 129.12 , 214.47
8/24/12 , 128.48 , 213.81
8/31/12 , 128.06 , 213.72
9/7/12 , 130.92 , 217.70
9/14/12 , 133.45 , 222.03
9/21/12 , 132.94 , 222.40
9/28/12 , 131.17 , 218.05
10/5/12 , 133.01 , 221.92
10/12/12 , 130.07 , 216.30
10/19/12 , 130.49 , 218.22
10/26/12 , 128.55 , 220.17
11/2/12 , 128.76 , 222.53
11/9/12 , 125.63 , 217.56
11/16/12 , 123.81 , 214.43
11/23/12 , 128.30 , 219.12
11/30/12 , 128.94 , 220.55
12/7/12 , 129.11 , 221.82
12/14/12 , 128.70 , 224.71
12/21/12 , 130.21 , 226.35
12/28/12 , 127.69 , 224.88
1/4/13 , 133.52 , 232.32
1/11/13 , 134.02 , 234.19
1/18/13 , 135.29 , 237.08
1/25/13 , 136.84 , 240.77
2/1/13 , 137.77 , 241.70
2/8/13 , 138.20 , 236.86
2/15/13 , 138.37 , 239.33
2/22/13 , 137.99 , 237.70
3/1/13 , 138.23 , 237.07
3/8/13 , 141.23 , 243.97
3/15/13 , 142.09 , 245.89
3/22/13 , 141.75 , 241.28
3/29/13 , 142.87 , 243.60
4/5/13 , 141.42 , 237.43
4/12/13 , 144.66 , 242.90
4/19/13 , 141.60 , 237.97
4/26/13 , 144.06 , 242.77
5/3/13 , 146.99 , 246.15
5/10/13 , 148.74 , 250.11
5/17/13 , 151.82 , 254.82
5/24/13 , 150.19 , 250.60
5/31/13 , 148.47 , 245.05
6/7/13 , 149.62 , 243.36
6/14/13 , 148.11 , 239.94
6/21/13 , 144.98 , 233.03
6/28/13 , 146.24 , 236.48
7/5/13 , 148.58 , 242.31
7/12/13 , 152.97 , 250.80
7/19/13 , 154.06 , 254.09
7/26/13 , 154.02 , 254.02
8/2/13 , 155.66 , 256.52
8/9/13 , 154.00 , 252.35
8/16/13 , 150.76 , 246.69
8/23/13 , 151.45 , 251.09
8/30/13 , 148.67 , 244.79
9/6/13 , 150.70 , 251.98
9/13/13 , 153.68 , 257.69
9/20/13 , 155.68 , 261.89
9/27/13 , 154.03 , 263.36
10/4/13 , 153.91 , 266.44
10/11/13 , 155.07 , 264.51
10/18/13 , 158.83 , 272.63
10/25/13 , 160.22 , 270.75
11/1/13 , 160.39 , 265.22
11/8/13 , 161.21 , 265.19
11/15/13 , 163.72 , 270.77
11/22/13 , 164.32 , 271.16
11/29/13 , 164.41 , 275.08
12/6/13 , 164.35 , 271.50
12/13/13 , 161.64 , 266.19
12/20/13 , 165.55 , 273.93
12/27/13 , 167.65 , 278.31
1/3/14 , 166.74 , 277.71
1/10/14 , 167.74 , 282.34
1/17/14 , 167.41 , 284.45
1/24/14 , 163.00 , 274.28
1/31/14 , 162.30 , 271.68
2/7/14 , 163.61 , 271.65
2/14/14 , 167.40 , 280.00
2/21/14 , 167.18 , 283.73
2/28/14 , 169.29 , 287.96
3/7/14 , 170.99 , 294.23
3/14/14 , 167.63 , 285.56
3/21/14 , 169.93 , 286.75
Date , S&P 500 , Top 10
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Money Management Rules:
At times of sudden rapid change it is particularly important to apply sound trading tactics.
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My latest book was named one of the top investment books by Stock Trader's Almanac 2005. This book also received an excellent review in the November 2003 issue of Futures.
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Robert W. Colby, CMT,
is a consultant to institutional and private investors and traders, providing regular analytical reports, custom research services, and trading systems tailored to clients' objectives. Clients include the most successful traders and investors in the world. Robert is the author of The Encyclopedia of Technical Market Indicators, Second Edition, McGraw-Hill, 2003, which has become the standard reference for indicator and trading systems design. Previously, at several large Wall Street firms, Robert worked as a proprietary trader, technical analyst, and fundamental analyst. He also was adjunct professor at New York University and New York Institute of Finance, where he developed new courses on technical analysis and market timing.

Robert W. Colby is a Chartered Market Technician (CMT), an accreditation granted to members by the Market Technicians Association (www.mta.org) after demonstrating professional competence and ethics over a period of many years. Robert has been a member of the MTA since 1980, and he strongly supports the MTA's high standards. He also supports the the MTA Educational Foundation (www.mtaef.org), which works to have technical analysis included in the curriculum of major business schools. Please click the following banner for information about the Market Technicians Association. The Market Technicians Association (MTA) is the national organization of investment analysts, stock market analysis professionals, and certified market technicians in the United States.

 
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Ranking ETFs
"Robert Colby has evolved a system that, while hardly foolproof, is pretty clever," wrote Daniel Fisher, "Surfin' ETFs", Forbes, Investment Guide, Special Issue, June 4, 2007.
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INTERVIEW of Robert W. Colby in Technical Analysis of STOCKS & COMMODITIES magazine, December 2006 issue.
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"Gold's next move: History, logic, and intermarket relationships. See if testing gold's relationship to different markets over a 32-year period provides possible trade signals for the yellow metal."
by Robert W. Colby, CMT.
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"Which gold indicators are best? Divining gold's next move."
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"Applying the Relative Strength strategy to ETFs."
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"PUTTING CANDLES TO THE TEST, How Profitable Are They Really?" by Robert W. Colby, CMT. Published in SFO, STOCKS, FUTURES AND OPTIONS MAGAZINE, Volume 5. No. 8. August 2006, pages 91-94. Please click here to buy this article. (Scroll to bottom of linked page.)

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Active Trader magazine September 2004 interviewed Robert W. Colby. 4 pages. "Robert W. Colby: Technical collector. A discussion with Robert W. Colby about technical trading and his revised Encyclopedia of Technical Market Indicators, Second Edition. By Active Trader Staff."

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For information about
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