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.

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Sterling Market Commentary for Friday January 11th, 2013

January 11, 2013 sterlinginvestments 0

A Few Thoughts on Friday’s Market: In looking at the charts of the major market indices, I would like to remind everyone that the Dow Jones Industrial Average is entering an area of upside resistance where significant or meaningful gains from these price levels may be very difficult to achieve. I continue to see significant political risk to the market that could easily send the market dramatically lower in a very quick period of time. As a result we are recommending that investors tighten their stops, consider selling calls on any stock that may be approaching over bought territory, and in some cases buy puts outright.

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Sterling Market Commentary for Wednesday January 2nd, 2013

January 2, 2013 sterlinginvestments 0

Well, I will confess to having taken most of December off and letting the political mess in Washington D.C. play out. It turned out to be a good opportunity to spend some time with family and for us to enjoy our 4 month old baby boy. The situation in Washington DC continues to make a mess of the markets with computer programs that spit out trading strategies based upon headlines written by a news industry primarily staffed by a young, underpaid and an over worked staff. These programs lack the capacity to read through the details of the articles with any form of understanding of what they are reading. They simply count key words that they assign ratings

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Sterling Market Commentary for Monday November 26th, 2012

November 26, 2012 sterlinginvestments 0

Sterling Investment Services look at the market activity during the Thanksgiving holiday shortened trading week, and our thoughts for today’s markets, as well the possibility of the market resuming its downward trend. Additionally we have updated our support and resistance levels for the major market indices that we follow.

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Sterling Market Commentary for Friday November 23rd, 2012

November 23, 2012 sterlinginvestments 0

Sterling Investment Services look at the trading activity from Wednesday’s pre-Thanksgiving market and our thoughts about today’s market. We also take a look at the rally over the last couple of trading sessions, and provide our thoughts on whether it is a legitimate market rally, a retracement of the recent downward movement, or just a bump in the road on the move lower. Our chart is worth checking out.