Blog – Page 13 – Sterling Holdings & Investments

Sterling Market Commentary for Thursday February 2nd, 2012

February 2, 2012 sterlinginvestments 0

The overall market moved moderately higher on Wednesday in a broad based move that saw almost every sector indices I track move higher on the day. The strongest sectors on the day were the High Tech, Biotech, Broker/Dealers, Airlines, Banking, Cyclicals. Insurance and Chemicals. Not a single stock index I track moved lower on the day. Oil was lower by $0.87 to $97.61 per barrel, and Gold was higher by $9.30 to $1,747.10 per ounce. In the grain market, Wheat was higher by $0.0882 to $6.742 per bushel, and Corn was higher by $0.030 to $6.420 per bushel, and Soybeans were higher by $0.162 to $12.152 per bushel……..

Sterling Market Commentary for Wednesday February 1st, 2012

February 1, 2012 sterlinginvestments 0

The overall market finished Tuesday mixed with the S&P 500 and the Dow Jones Industrial Average finishing slightly lower, while the NASDAQ finished the day slightly higher. There was strength in the Transports, Utilities, Banking, Airlines, Broker/Dealers, High Tech, Oil & Gas, Biotech, and Healthcare indices. There was weakness in the Gold/Silver, Commodities, Cyclicals, Consumer, Retailers, Insurance, and Oil Services indices. Oil was lower by $0.30 to $98.48 per barrel, and Gold was higher by $6.80 to $1,737.80 per ounce. In the grain markets, Wheat was higher by $0.212 to $6.660 per bushel, and Corn was higher by $0.074 to $6.452 per bushel, while Soybeans were higher by $0.36 to $11.990 per bushel.

Sterling Market Commentary for Tuesday January 31st, 2012

January 31, 2012 sterlinginvestments 0

Early futures are once again higher as the politicians in Europe talk about solving problems without providing any real solution. People really need to be paying attention to the substance of these stories and not just the headlines. In looking at the charts from yesterday’s trading activity, I noticed that with the exception of the high tech indices the rest of the various indices I track appear to be….

Sterling Market Commentary for Friday January 27th, 2012

January 27, 2012 sterlinginvestments 0

The overall market is rather dull right now; something I find rather interesting considering the Fed’s recent announcement of prolonged ultra-low interest rates and what I consider to be rather good corporate earnings announcements. I take this to be a sign that investors are not really to enthused about the prospects for the world economy for 2012. While it is tempting to call for a market pullback, there is an old saying about never short a dull market. While my 1st Rule of Trends is that a trend remains in place until it is broken; my 2nd Rule of Trends is ……….

Sterling Market Commentary for Thursday January 26th, 2012

January 26, 2012 sterlinginvestments 0

I will admit I am just not enthused about much of anything this morning. I am deeply disappointed by the negative campaigning by the Republican candidates, I think Obama’s election year politics are going to be deeply destructive, and the Bernanke’s Fed is creating a bond bubble and in the process enabling disasterous policies that could make the 2008 financial crisis look like a warmup event. Additionally I do not see the European financial crisis as really being solved, or anything close to it. I guess I am just in one those moods.

Sterling Market Commentary for Wednesday January 25th, 2012

January 25, 2012 sterlinginvestments 0

A Few Thoughts on Wednesday’s Market: In looking at the charts from yesterday’s trading activity I noticed that it looks like the NASDAQ 100 ‘NDX’ has entered an area of upside resistance that could be tough to get through. Additionally the very vast majority of the sector indices I track are not confirming the move higher by the Dow Jones Industrial Average. Granted I expect the NASDAQ to be higher today due to the incredible earnings by Apple, Inc. ‘AAPL’. However…………….

Sterling Market Commentary for January 24th, 2012

January 24, 2012 sterlinginvestments 0

It should be noted that on Friday the Dow Jones Industrial Average closed Friday at 12,720.48 Last summer the Dow closed at 12,724.41 on July 21st, and at 12,719.49 on July 7th. This is significant because if we see the Dow Jones Industrial Average moves back lower from these levels, then we will effectively have put in place a “triple top,” which should be considered a significant point of upside resistance. It should also be noted that this move higher has not been confirmed by the either the……………………

Sterling Market Commentary for October 20th, 2011

October 20, 2011 sterlinginvestments 0

A Look at Wednesday’s Market Activity: The overall market moved moderately lower in a broad based move that saw every sector index I track move lower as well. The weakest sectors were the Gold/Silver, High Tech, Banking, Broker/Dealer, Chemicals, Oil Services, Commodities, and Transports. In the commodities, Oil was lower by $2.24 to $86.29 and Gold was lower by $5.80 to $1,647 per ounce. In the grain market, Wheat was lower by $.056 to $6.194 per bushel, and Corn was lower by $0.054 to $6.384 per bushel, while Soybeans were lower by $0.256 to $12.25 per bushel.

Sterling Market Commentary for October 19th, 2011

October 19, 2011 sterlinginvestments 0

A Few Thoughts Before the Open: In looking at the charts from yesterday’s trading activity I have the following thoughts and comments.

1. Trading volume continues to be light. This causes me concern over the strength of the rally.

2. Several of the sector indices I am looking at indicate that they could be in the process of breaking out to the upside.

3. This is option’s expiration week. As I have written about in the past, I have seen a common trend of the market reversing its previous trend during options expiration week, and then resuming its prior trend at the start of the new options month. I believe this is a result of …….

Sterling Market Commentary for October 18th, 2011

October 18, 2011 sterlinginvestments 0

A Look at Monday’s Activity: The overall market moved sharply lower Monday in a broad based move that saw every sector index I track move lower on the day. The weakest sectors were the Banking, Oil Services, Cyclicals, High Tech, Insurance, Commodities, Broker/Dealers, and Transports. The Dow Jones Industrial Average was lower by 212 points. Among the Dow 30 the weakest stocks were Alcoa, Hewlett-Packard, 3M, and United Technologies. In the commodity sector, Oil was lower by $0.38 to $86.62 per barrel, and Gold was lower by $6.40 to $1,676.60 per ounce. In the grains, Wheat was higher by $0.014 to $6.242 per bushel, and Corn was higher by $0.004 to $6.404 per bushel, while Soybeans were lower by $0.17 to $12.53 per bushel.