Tag Archive for Dow Jones Industrial Average

Sterling Market Commentary for Thursday November 8th, 2012

Sterling Investment Services look at Wednesday’s market sell off and our thoughts about Thursday’s market. In this morning’s market commentary we have updated our support and resistance levels on the Dow Jones Industrial Average, the Dow Jones Transportation Average, and the NASDAQ 100 Index ‘NDX’. We have also included a chart on the Dow Jones Industrial Average for your review.

Sterling Market Commentary for Tuesday November 6th, 2012

Sterling investment Services pre-election market commentary. I would like to take this opportunity to encourage everyone to vote today. I believe that democracy works best when as many people as possible participate in the process. I believe that participation is more than just voting; I believe that participation in the process involves being informed on the issues and knowing the position of the candidates on those issues, as well as their record of actions on those issues. Please try to form your own opinions and draw your own conclusions; and ask yourself, do you think the candidate you are considering voting for is actually capable of doing what they say they are going to do.

Sterling Market Commentary for Thursday November 1st, 2012

The opening of yesterday’s market was very crucial and important due to the significance of the month end reporting. It is not as easy as one might think to adjust the statement date at the end of the month for accounting purposes. Having the market function, and allowing month end positions to be squared up, and statements be produced is of a far greater importance than most people realize; and the nation owes a collective thanks to all the people who make the exchange function. All things considered, I am again expecting another relatively lackluster market. The damage to the financial district in New York City is very severe, and it is going to take a while for things to return to normal. C0mbine this with the election next week, we are probably looking at a sideways market between now and the week of so following the election.

Sterling Market Commentary for Thursday October 25th, 2012

In today’s edition of the Sterling Market Commentary I discuss yesterday’s market activity, what I see ahead for today’s market; and I take a look at the MS. Consumer Index ‘CMR’ providing my thoughts on where it is going, and what I think the implications are for the U.S. economy. I think you will find the chart on the ‘CMR’ interesting. I also provide support and resistance levels on the Dow Jones Industrial Average and the Dow Jones Transportation Average.

Sterling Market Commentary for Wednesday October 24th, 2012

A Few Thoughts Wednesday’s Market: The Dow Jones Industrial Average closed yesterday at 13,102.53. In doing so, it clearly broke a supporting trendline that started in early March of this year. I have inserted a chart on the Dow Jones Industrial Average below for you to review. I think we are starting a new short to intermediate term downward trend. I believe that there is a very good possibility that we could see the Dow Jones Industrial Average continue to move lower and test its 200 day moving average at 12,908.33 on a closing basis. I should also point out that today is a rather quite day for economic news and unless there is a major earnings miss, then it is reasonable to expect a bounce in the market today. However, initial and continuing jobless claims are due to be released Thursday morning, and we could Thursday’s economic announcements could spark a move either way in the market. My guess is if we see a rise in initial jobless claims, then the market will probably head back lower. (Please see the Chart on the Dow Jones Industrial Average we have included in today’s blog)