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,…
Tag Archive for Dow Jones Industrial Average
Market Commentary – July 19th, 2011
by sterlinginvestments • • 0 Comments
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 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…
Market Commentary – July 5th, 2011
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I would like to welcome everyone back from the 4th of July holiday weekend. The overall stock market staged a rather impressive rally the last week of June. The Dow Jones Industrial Average rallied from 11,934.58 to close out Friday…