Posts Tagged ‘Financial Stock’
S&P 500 Composite Closing Price Fell Below 7-Week Lows
S&P 500 Composite Closing Price Fell Below 7-Week Lows by Robert W. Colby

Summary: S&P 500 Composite (SPX, 1,047.22) closing price fell below 7-week lows. Energy stock sector Relative Strength Ratio (XLE/SPY) has been bearish since peaking on 7/1/08 and fell below 8-week lows on 8/26/10. Financial stock sector Relative Strength Ratio (XLF/SPY) fell to a new 9-month…
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Stocks Broke a 4-Day Losing Streak
Stocks Broke a 4-Day Losing Streak by Robert W. Colby

Summary: Stocks broke a 4-day losing streak. But is it significant? Financial stock sector Relative Strength Ratio (XLF/SPY) fell to a new 9-month low on 8/25/10 and remains bearish. Absolute price fell to a new 12-month low on 8/25/10 and has been in a bearish trend since peaking on 4/15/10. Cru…
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