Tag Archive for Lagging economic indicators

Sterling Market Commentary for Thursday October 18th, 2012

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed at 13,557.00 With yesterday’s trading activity, I am now widening trading range by raising my upside resistance to the closing high set earlier this month. I am now looking at upside resistance on the Dow Jones Industrial Average at 13,610.15 on a closing basis. I now see downside support coming in at and downside support at 13,273.32 and then on a closing basis. Current Expectations: I think we are starting a new trend lower in the Dow. I am expecting the Dow Jones Industrial Average to continue to move lower and test 13,373.32 on a closing basis……..