Month: October 2011

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Sterling Market Commentary for October 3rd, 2011

October 3, 2011 sterlinginvestments 0

A Few Thoughts Before the Open: In looking at the charts from Friday’s market activity I did not see a single index or stock that I would consider buying. Everything has a negative pattern. My concern in looking at the charts is that it appears that the selloff, or market downturn, could accelerate and we could see a repeat of August; only this time to lower lows.

The Bottom Line: I’ve been saying that I felt the market was in a sideways pattern with a downside bias. While my 1st Rule of Trends is that a trend remains in place until it is broken. However my 2nd Rule is that the longer a trend remains in place, the greater the chance of it being broken. One or Two more down days and we could see a retesting of the August lows.

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Sterling Weekly for the Week of October 3rd, 2011

October 2, 2011 sterlinginvestments 0

Last Friday was the end of the 3rd quarter for 2011. I thought I would take a look and see how the various indices I track performed for the quarter and year to date. The results were worse than I thought. With the exception of 2 sectors which were mixed, every sector of the market I track was down for the quarter. The best performing sectors were the Gold/Silver and Utilities; both of which had mixed index performance for the quarter. I’ve posted the results below for everyone to review. It’s worth noting that the Dow Jones Industrial Average lost approximately 1,500 points for 12.1% in the 3rd quarter, and the Dow Jones Transportation Average lost approximately 1,234 points for 22.76% in the quarter as well. For those who follow the Dow Theory, this is a clear signal of a bear market; and in my opinion an indication that we will be back in a recession within the next ……………….