The overall market finished yesterday sharply higher in the strongest move of the year. Essentially ever index I track, with the exception of the gold indices, moved higher on the day. Oil was higher by $1.61 to $96.25 per barrel,…
Market Commentary
Sterling Investment Services blog providing stock market commentary. Our daily topics include a look at the prior day’s market activity, our thoughts on the upcoming trading day. Additionally we provide support and resistance points, as well as expected direction of movement for the major market indices including the Dow Jones Industrial Average, S&P 500, NASDAQ 100, and the Dow Jones Transportation Average.
Market Commentary – July 19th, 2011
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The Dow Jones Industrial Average closed lower yesterday at 12,385.16 Oil was lower by $1.35 to $96.25 per barrel, and Gold was higher by $12.30 to $1,602.40 per ounce. A Thought Before the Open: In looking at the charts from…
Market Commentary – July 18th, 2011
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A Few Thoughts Before the Open: The Dow Jones Industrial Average closed Friday at 12,479.73 Despite Friday’s move higher, the chart continues to show weakness. I think it is possible we could see it test its 40 day moving average, …
Market Commentary – July 15th, 2011
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A Couple of Thoughts Ahead of the Open: Today is options expiration day. Our charting service has been down for the last 2 days and just came up. So a quick look at the various sector indices before the open.…
Market Commentary – July 13th, 2011
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A Couple of Quick Thoughts Before the Open: 1. I know the futures are moderately higher as of right now, but my gut is telling me that the odd of any rally we see on the open lasting the entire…
Market Commentary – July 12th, 2011
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A Couple of Thoughts After the Close: Following a roller coaster of a day, the Dow Jones Industrial Average finished the day just over 58 points lower to close at 12,446.88 It looks to me like the Dow is going…
Market Commentary – July 11th, 2011
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A Couple of Thoughts Ahead of the Open: I am looking for the Federal Debt Ceiling to dominate the news this week. I am not real optimistic that a deal will be reached this week. I think we are at…
Market Commentary – July 8th, 2011
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A Couple of Thoughts Ahead of the Open: Despite yesterday’s strong market move and the upward trend of the charts, this morning’s horrible jobs number has futures sharply lower. Obviously looking for a down day. Looking for a short position…
Market Commentary – July 7th, 2011
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A couple of thoughts ahead of the open: I think the jobs numbers were mixed. While ADP came in better than expected, historically the ADP number is subject to wide fluctuation and revisions. Secondly, the jobless claims numbers continue to…
Market Commentary – July 6th, 2011
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A couple of notes from my review of the charts from today’s trading activity. The Dow Jones Transportation Average hit a new yearly closing high today. It looks like it has completed a “cup pattern” with a measured move to…