Sterling Market Commentary for Tuesday February 26th, 2013
In today’s edition of the Sterling Market Commentary we take a look at the performance of the market since our last blog post and where we think the overall market is going from here.
Month: February 2013
Sterling Market Commentary for Monday February 11th, 2013
In today’s edition of the Sterling Market Commentary we take a look at Friday’s market activity and provide our thoughts on Monday’s upcoming market. Additionally we take another look at the NASDAQ 100 Index ‘NDX’ which completed a cup pattern on Friday with a measured move to higher levels.
Sterling Market Commentary for Tuesday February 5th, 2013
A Look at Monday’s Market: The overall market moved sharply higher on Monday in a broad based move that erased the majority of Friday’s gains. I would like to point out that the Dow Jones Industrial Average has essentially reached an area of upside resistance that I wrote about in the January 22nd and January 18th editions of the Sterling Market Commentary. For a variety of reasons, I am not surprised to see a pause, a little profit taking, just a down day, or however you would like to describe Monday’s market.
In the commodities markets, Oil was sharply lower by $1.60 to $96.17 per barrel, and Gold was higher by $5.80 to $1,676.40 per ounce. In the grain markets, Wheat was lower by $0.020 to $7.630 per bushel, and Corn was lower by $0.016 to $7.342 per bushel, while Soybeans were higher by $0.144 to $14.886 per bushel.
Sterling Market Commentary for Friday February 1st, 2013
In today’s edition of the Sterling Market Commentary we take a look at Thursday’s market, as well as our thoughts on the recent economic data from this week including Gross Domestic Product and the unemployment rate.