Dow Jones Industrial Average

The Dow Jones Industrial Average, is a price-weighted measure of 30 U.S. blue-chip companies. The Dow Jones Industrial Average covers all industries with the exception of transportation and utilities, which are covered by the Dow Jones Transportation Average and Dow Jones Utility Average. The Dow Jones Industrial Average is considered a leading indicator of the future performance of the U.S. economy. It is considered to be the leader of the other major market indices.

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Sterling Market Commentary for Tuesday January 31st, 2012

January 31, 2012 sterlinginvestments 0

Early futures are once again higher as the politicians in Europe talk about solving problems without providing any real solution. People really need to be paying attention to the substance of these stories and not just the headlines. In looking at the charts from yesterday’s trading activity, I noticed that with the exception of the high tech indices the rest of the various indices I track appear to be….

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Sterling Market Commentary for Friday January 27th, 2012

January 27, 2012 sterlinginvestments 0

The overall market is rather dull right now; something I find rather interesting considering the Fed’s recent announcement of prolonged ultra-low interest rates and what I consider to be rather good corporate earnings announcements. I take this to be a sign that investors are not really to enthused about the prospects for the world economy for 2012. While it is tempting to call for a market pullback, there is an old saying about never short a dull market. While my 1st Rule of Trends is that a trend remains in place until it is broken; my 2nd Rule of Trends is ……….

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Sterling Market Commentary for Wednesday January 25th, 2012

January 25, 2012 sterlinginvestments 0

A Few Thoughts on Wednesday’s Market: In looking at the charts from yesterday’s trading activity I noticed that it looks like the NASDAQ 100 ‘NDX’ has entered an area of upside resistance that could be tough to get through. Additionally the very vast majority of the sector indices I track are not confirming the move higher by the Dow Jones Industrial Average. Granted I expect the NASDAQ to be higher today due to the incredible earnings by Apple, Inc. ‘AAPL’. However…………….

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Sterling Market Commentary for January 24th, 2012

January 24, 2012 sterlinginvestments 0

It should be noted that on Friday the Dow Jones Industrial Average closed Friday at 12,720.48 Last summer the Dow closed at 12,724.41 on July 21st, and at 12,719.49 on July 7th. This is significant because if we see the Dow Jones Industrial Average moves back lower from these levels, then we will effectively have put in place a “triple top,” which should be considered a significant point of upside resistance. It should also be noted that this move higher has not been confirmed by the either the……………………

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September 9th, 2011

September 9, 2011 sterlinginvestments 0

The overall market moved moderately lower yesterday in a broad based move that saw the majority of the sector indices I track move lower on the day. The weakest sectors were the Broker/Dealers, Banking, Cyclicals, Insurance, Airlines, High Tech, Chemcials, and Pharmaceuticals. The rest of the sector indices I track moved lower as well with the exception of the Gold/Silver index which posted a small gain on the day.

Oil was lower by $0.29 to $89.05 per barrel, and Gold was higher by $40.30 to $1,855.20 per ounce. A friend of mine pointed out last night that every time the Bernanke speaks Gold rises by a minimum of $25 that day. Wheat was lower by $0.134 to $7.38 per bushel, Corn was lower by $0.14 to $7.34 per bushel, and Soybeans were lower by $0.024 to $14.18 per bushel.

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Market Commentary – September 8th, 2011

September 8, 2011 sterlinginvestments 0

The overall market moved sharply higher yesterday in a broad based move that saw basically every sector index I track move higher on the day. The strongest sectors were the Banking, High Tech, Insurance, Broker/Dealers, Transports, Airlines, Biotech, and Cyclicals. Oil was higher by $3.32 to $89.34 per barrel, and Gold was sharply lower by $55.70 to $1,814.90 per ounce. Wheat was lower by $0.084 to $7.51 per bushel, and Corn was lower by $0.076 to $7.48 per bushel.

I know the Dow Jones Industrial Average staged an impressive 275 point rally on the day, but I just don’t see any justification for the move. I didn’t really see any news to justify the move higher other than the German court decision stating that Germany can proceed with its part in the Greek bailout, but the court’s decision basically stated that every phase of the bailout would require authorization by the German parliament. Considering that the German Chancellor’s party has lost every local election since agreeing to the bailout terms ………….