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Sterling Market Commentary for Tuesday November 6th, 2012

November 6, 2012 sterlinginvestments 0

Sterling investment Services pre-election market commentary. I would like to take this opportunity to encourage everyone to vote today. I believe that democracy works best when as many people as possible participate in the process. I believe that participation is more than just voting; I believe that participation in the process involves being informed on the issues and knowing the position of the candidates on those issues, as well as their record of actions on those issues. Please try to form your own opinions and draw your own conclusions; and ask yourself, do you think the candidate you are considering voting for is actually capable of doing what they say they are going to do.

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Sterling Market Commentary for Thursday November 1st, 2012

November 1, 2012 sterlinginvestments 0

The opening of yesterday’s market was very crucial and important due to the significance of the month end reporting. It is not as easy as one might think to adjust the statement date at the end of the month for accounting purposes. Having the market function, and allowing month end positions to be squared up, and statements be produced is of a far greater importance than most people realize; and the nation owes a collective thanks to all the people who make the exchange function. All things considered, I am again expecting another relatively lackluster market. The damage to the financial district in New York City is very severe, and it is going to take a while for things to return to normal. C0mbine this with the election next week, we are probably looking at a sideways market between now and the week of so following the election.

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Sterling Market Commentary for Monday October 29th, 2012

October 28, 2012 sterlinginvestments 0

Our look at the market’s activity on Friday October 26th, 2012 and our market commentary for the upcoming trading day of Monday October 29th, 2012; as well as our thoughts on the NYSE Arca Disk Drive Index ‘DDX’ and its recent closing lows. There is a chart included in today’s market commentary for your review.

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Sterling Market Commentary for Friday October 26th, 2012

October 26, 2012 sterlinginvestments 0

In today’s edition of the Sterling Market Commentary I take a look at the results from Thursday’s market, and provide my thoughts on Friday’s market activity. Additionally I have now initiated coverage on the NASDAQ 100 Index ‘NDX’. I have included chart on the NASDAQ 100 Index ‘NDX’ for our readers review.

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Sterling Market Commentary for Thursday October 25th, 2012

October 25, 2012 sterlinginvestments 0

In today’s edition of the Sterling Market Commentary I discuss yesterday’s market activity, what I see ahead for today’s market; and I take a look at the MS. Consumer Index ‘CMR’ providing my thoughts on where it is going, and what I think the implications are for the U.S. economy. I think you will find the chart on the ‘CMR’ interesting. I also provide support and resistance levels on the Dow Jones Industrial Average and the Dow Jones Transportation Average.

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Sterling Market Commentary for Wednesday October 24th, 2012

October 24, 2012 sterlinginvestments 0

A Few Thoughts Wednesday’s Market: The Dow Jones Industrial Average closed yesterday at 13,102.53. In doing so, it clearly broke a supporting trendline that started in early March of this year. I have inserted a chart on the Dow Jones Industrial Average below for you to review. I think we are starting a new short to intermediate term downward trend. I believe that there is a very good possibility that we could see the Dow Jones Industrial Average continue to move lower and test its 200 day moving average at 12,908.33 on a closing basis. I should also point out that today is a rather quite day for economic news and unless there is a major earnings miss, then it is reasonable to expect a bounce in the market today. However, initial and continuing jobless claims are due to be released Thursday morning, and we could Thursday’s economic announcements could spark a move either way in the market. My guess is if we see a rise in initial jobless claims, then the market will probably head back lower. (Please see the Chart on the Dow Jones Industrial Average we have included in today’s blog)

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Sterling Market Commentary for Tuesday October 23rd, 2012

October 23, 2012 sterlinginvestments 0

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed at 13,345.89 I am looking at upside resistance on the Dow Jones Industrial Average at 13,610.15 on a closing basis. I now see downside support coming in at 13,273.32 and then 13,000.71 on a closing basis. Current Expectations: I think we are starting a new trend lower in the Dow. I am expecting the Dow Jones Industrial Average to continue to move lower and test 13,273.32 on a closing basis…..

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Sterling Market Commentary for Monday October 22nd, 2012

October 22, 2012 sterlinginvestments 0

A Few Thoughts on Monday’s Market: The overall market is showing considerable weakness, with the high tech sector in an outright bearish trading pattern. A lot of the weakness in the high tech sector can be attributed to a pull back in the shares of Apple, Inc. ‘AAPL’. However it is not just Apple that is causing the weakness in the high tech sector, there is considerable weakness in the WinTel world, those high tech companies that are focused products utilizing either Microsoft or Intel architecture. I think that the stock market is signalling a pullback in the U.S. Economy. I also think that this signal would be a lot louder and clearer if it was not for the Quantitative Easing programs of the Fed and their market manipulation effects. In looking at the charts from Friday’s activity I noticed that the M.S. Consumer Index ‘CMR’ had not yet broken its recent upward trendline. I am keeping an eye on the ‘CMR’. If we have another couple of down days and this index breaks its upward trendline, then I see this as a potential confirmation that the U.S. Economy is headed back into a recession…..