Well they say "Timing is Everything", and sometimes a little bit of luck helps also. For almost 4 years, from early 1996 until February 2000, I published 4 newsletters. Two of these newsletters where published daily after the market close, and two of the newsletter were published weekly. (The Professional Trader's Newsletter & The Prime Stock Newsletter) In February of 2000 I made the decision to place the newsletter publications on hiatus. This decision was the culmination of several factors, among which was while the Bull Market and the Bubble of the NASDAQ had been very good to me, I had a very strong sense the bubble should have burst a long time before February of 2000. The Dow Jones Industrial Average had just reached (Jan. 14th, 2000) my upside target of 11,747.45 (which I had published in the July 7, 1999 edition of the Professional Trader's Newsletter) and I felt the risk of Bear Market was to great to ignore. Combined a booming consulting business, I was working close to 70 hours a week, so I decided to take some time off. Because my newsletters were written analyzing closing price data, most of the work was done after the market close. Therefore I decided to place the newsletters on hiatus, and spend my time with the consulting business, the risk arbitrage trading, and to enjoy my recovery from reconstructive hip surgery. I wrote the last edition of the Professional Trader's Newsletter of February 2nd, 2000.

During the last three (3) years I have at times regretted sitting on the sidelines. There have been so many great opportunities to point out the obvious, the internet stocks overpriced, the AOL/Time Warner merger. Not writing about these and other items has left me with a gnawing inside that made me decide that it was time to return to writing a newsletter. I decided to launch the Sterling Weekly, which you are reading now, and I have been publishing for the last couple of months. Last week I made the decision to resume publishing the Prime Stock Newsletter. Publication was resumed this weekend. The Prime Stock Newsletter will again be a subscription based newsletter, with a monthly subscription rate of $30/month. The newsletter will continue to focus on listed companies above $5/share in price, with a typical recommendation in the $10-50/share price range. The time frame for the trading opportunities is from very short term to 2 weeks. The newsletter will be free to the public until the upgrades to allow for subscriptions are completed later this week. Until then, please feel free to read the available issues. The April 21st edition of the Prime Stock Newsletter recommends Home Depot. Please feel free to check out our opinion on the shares of HD.

Now back to my opening comments about timing being everything. Take a good look at today's analysis of the NASDAQ 100 Index (the NDX). Today's opinion on the NDX wasn't a factor in my decision to resume publication, but it sure is a nice coincidence.

The Dow Jones Industrial Average:

The Dow Jones Industrial Average closed Thursday at 8,337.65 up 80.04 points. The market moved slightly higher ahead of the 3 day Easter Weekend. I would have felt more comfortable if the market had closed above Tuesday's closing level of 8,402.36, but unfortunately it did not. While our indicators appear to be turning to the upside, and I am still expecting the overall market to move higher, there is still the chance we could see a short term trend reversal to the downside. Monday's activity should help clarify the situation.The Bottom Line: The overall market should move higher.

The S&P 500 closed Thursday at 893.58 up 13.67 points. In my commentary on the Dow Jones Industrial Average I expressed concern over the current trend in the market due to the fact that the Dow had not closed ahead of the 3 day weekend above Tuesday's closing level. Well, I don't have that problem with the S&P 500. It closed above Tuesday's closing level of 890.81 This increases my confidence in the ability of the S&P 500 to move higher. I believe it will continue to move higher and test 895.90, it's closing level on March 21st. If it closes above that level, then I expect it to continue to move higher and test 931.66

Today's Opinion: Closed @ 893.58 Current Expections: Called higher with the close of 885.23 on April 14th. The market should continue to move higher and test 895.90 and then 931.66 on a closing basis.

The NASDAQ 100 Index closed Thursday @ 1,083.56 up 28.67 points. The NDX moved sharply higher on heavy volume ahead of the 3 day holiday weekend. The strongest move to the upside of any of the major indices I track. The NDX appears to have worked off the hang over from the bubble market of the late '90s!!!!! This is the first time (with a very brief exception following the post 9-11 rally) the NDX has been above its 9, 30, 50, and 200 day moving averages since the bubble burst!!!!!!!!!!! This is incredibly significant!!! The last time the NDX had a prolonged period below it's 200 day moving average was from mid-April until late August of 1994. It has been almost 9 years since the NDX last crossed from a period of being below it's 200 day moving average to being above it. I am not saying we are going to start another Bull Market run like we say the last time. What this means is that a very significant amount of stock has been accumulated at these lower levels. What this should have accomplished it to have built a base from which the NDX can now start to move to higher levels, and hopefully in the process eliminate the climate of fear that has accompanied the mention of the NASDAQ market. Granted there is always an unforeseen risk of terrorist attack or something of that nature. But the overall outlook is the best I've seen it a technical standpoint in approximately 5 years.

Current Opinion: Closed @ 1,083.56 Current Expectations: Called Higher with the close on April 14th @ 1,048.31. The NDX should move higher and test 1,093.12 on a closing basis.