|
|
Sterling
Weekly for December 5th, 2005
|
The Dow Jones Industrial Average
began its recent rally on approximately
October 28th rallying from the
previous day's close of 10,229.95
and reached a closing high of
10,931.62 on November 25th.
A gain of just over 700 points
(701.68 to be exact) or 6.9%
in less than 1 month. Not bad,
pretty darn good in fact. Well
my technical indicators generated
a "sell signal" on
the Dow after the close of trading
on the 30th, and they are generally
not wrong. So I am expecting
what should hopefully be not
much more than a round of short
term profit taking before the
market resumes its move higher.
From the perspective of market
mechanics, there are complicated
rules relating to tax loss selling,
rebalancing portfolios and re-entering
positions that start to come
into play around about now.
The net effect is that there
is usually some seasonal selling
that starts to occur in early
December, and the buying usually
starts in late December to early
January.
|
|
| Sterling
Calendars for the Week of December
5th, 2005 |
| Date: |
Comments: |
| Dec.
05 |
'CMGI'
announces earnings after the close.
Est. N/A |
| Dec.
05 |
Jos.
A. Banks announces earnings before
the open. Est. $0.31 |
| Dec.
06 |
Autozone,
Inc. 'AZO' announces earnings before
the open. Est. $1.5 |
| Dec.
06 |
Sears
Holdings 'SHLD' announces earnings
before the open. Est. $0.28 |
| Dec.
07 |
Net2Phone
'NTOP' announces earnings after the
close. Est. ($0.10) |
| Dec.
07 |
Phototronics
'PLAB' announces earnings. Time N/A.
Est. $0.17 |
| Dec.
08 |
Costco
Wholesale announces earnings. Time
N/A. Est. $0.44 |
| Dec.
08 |
National
Semiconductor 'NSM' announces earnings
time n/a. Est. $0.28 |
| Dec.
08 |
Toll
Brothers 'TOL' announces earnings
before the open. Est. $1.65 |
The
full earnings calendar for this
week can be found (here) |
|
Prime
Update:
Sterling Investment Services
is an investment research and money management
firm publishing the Prime
Stock Newsletter. The Prime
Stock Newsletter is a daily comprehensive
newsletter that is useful for investors
and traders alike. Whether you are looking
for short term trading opportunities ranging
from day trading to a couple of weeks
or if you looking to acquire a long term
portfolio at smart entry points. Subscriptions
are $50/month. A Free
2 Week Trial is currently being offered.
Highlights
from Recent editions of the Prime
Stock Newsletter |
| Recommendation |
Date |
Entry
Point |
Recent
Close or Exit Price |
Profit* |
Note |
| Advanced
Micro 'AMD' |
Nov. 7th |
$24.63 |
$27.04 Nov. 21st |
2.13 |
Should continue
to move higher. |
| Alcoa
'AA' |
Nov.
2 |
$24.30 |
$26.71 |
$2.41 |
Should still move
higher. |
| Starbucks
'SBUX' |
Nov.
1 |
28.30 |
$31.90 Nov. 21st |
$3.60 |
Should continue
to move higher. |
| * The
per share PROFIT is a theoretical
calculation based upon the opening
price the day the recommendation is
published and the intra day high (or
low for short sales) on the exit day.
The exit day is determined based upon
the application of our "Rules
for Trading", the implementation
of "stops" within our stated
policy, and may not reflect the complete
or full movement of the underlying
recommendation. |
|
Dow Jones Industrial
Average (INDU)
Current Opinion:
Closed @ 10,835.01 Last
Signal: Called Lower with the
close of 10,805.87on November 30th.
Current Expectations:
I am expecting the Dow Jones Industrial
Average to move lower and test 10,705.55
on a closing basis.
|
The
S&P 500
Current Opinion:
Closed @ 1,262.09 Last Signal:
Called Lower with the close of 1,249.48
on November 30th. Current Expectation:
I am expecting the S&P 500 to continue
to move lower and test
1,245.04 and then 1,241.48 on a closing
basis. |
The
NASDAQ 100 (NDX)
Current Opinion:
Closed @ 1,694.77 Last
Signal: Called Lower with the
close of 1672.56 on November 30th.
Current Expectations: I am expecting
the NDX to continue to move lower and
test 1,651.45 on a closing basis. |
CBOE
Ten Year Treasury Index (TNX)
Current Opinion:
Closed @ 4.567% Last
Signal: Called Higher after the
close of trading on November 30th with
a close of 4.500% Current Expectations:
This index should move higher and test
then 4.6579% on a closing basis. |
Disclaimer:
The Sterling Investments series of newsletters is produced by Sterling
Investment Services, Inc. All information
used in the production has been obtained
from sources believed to be reliable and
accurate. Sterling Investment Services
does not warrant or assume any liability
for inaccuracy of the information used
to produce our publications. To receive
further information on these services
please visit our web page at: www.sterlinginvestments.com
If you would like to contact us our fax
# is (404)-816-8830 Email address is:
enelson@sterlinginvestments.com Sterling
Investment Services may hold positions
in the securities recommended or may be
providing consulting services to the companies
mentioned within this report. |
Last
Week's Edition of the Sterling Weekly
|
|
