Sterling Market Commentary for September 14th, 2011

A Look at Tuesday’s Trading Activity:

The overall market moved moderately higher in a relatively broad based move that saw all the sector indices I track move higher as well.  The strongest sectors were the Airlines,  Transports, High Tech, Broker/Dealers, Cyclicals, Chemicals, and Banking indices.

A Few Thoughts Before the Open:

In looking at the charts of yesterday’s trading activities for the various indices I track I did not see anything that really stood out as noticeable.  The vast majority of indices I looked at still have negative chart patterns. In looking at the individual stock charts almost nothing has broken from what I would call a sideways trading pattern.

The Bottom Line:  I am looking for the market to continue with its sideways trading pattern.