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.
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.
Sterling Market Commentary for Thursday January 10th, 2013
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Sterling Investment Services look at Wednesday’s market as well as our thoughts on Thursday’s upcoming market. In addition, in this morning’s Sterling Market Commentary we take a look at the price of oil and its potential to reach $100 and what happens if it breaks that price level.
Sterling Market Commentary for Thursday January 3rd, 2013
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Sterling Investment Services look at the 1st trading day of 2013 and our thoughts on the upcoming trading day, as well as our comments on a recent Op-Ed by Martin Feldstein in today’s Wall Street Journal titled “The Fed’s Dangerous Direction.”
Sterling Market Commentary for Wednesday January 2nd, 2013
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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
Sterling Market Commentary for Thursday December 13th, 2012
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Sterling Investment Services look at the market activity for Wednesday December 12th, 2012 and our thoughts on Thursday’s upcoming market.
Sterling Market Commentary for Friday November 30th, 2012
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Sterling Investment Services thoughts on Thursday’s market, and our expectations for Friday’s market, as well as our current support and resistance levels on the major market indices.
Sterling Market Commentary for Thursday November 29th, 2012
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Sterling Investment Services look at Wednesday’s trading activity and our thoughts on the market going forward. We have also provided our thoughts on what the U.S. Economy needs in order to start growing and show sustained positive growth.
Sterling Market Commentary for Tuesday November 27th, 2012
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Sterling Investment Services look at Monday’s market activity and our thoughts about Tuesday’s market. We are looking for the market to continue to drift sideways to downward over the course of the next couple of trading sessions.
Sterling Market Commentary for Monday November 26th, 2012
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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.
Sterling Market Commentary for Friday November 23rd, 2012
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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.