Our look at the market’s activity on Friday October 26th, 2012 and our market commentary for the upcoming trading day of Monday October 29th, 2012; as well as our thoughts on the NYSE Arca Disk Drive Index ‘DDX’ and its recent closing lows. There is a chart included in today’s market commentary for your review.
In today’s edition of the Sterling Market Commentary I take a look at the results from Thursday’s market, and provide my thoughts on Friday’s market activity. Additionally I have now initiated coverage on the NASDAQ 100 Index ‘NDX’. I have included chart on the NASDAQ 100 Index ‘NDX’ for our readers review.
A Few Thoughts Before the Open: One word to describe the recent market, “DULL!” Granted it has been a slow, steady upward trend, and it looks like that trend could continue; or it could reverse course at any point in time. However, from my standpoint it is somewhat tough to find any new entry points on either the long or short side that I feel comfortable with. I will take a more in depth look at the market this weekend and see what I can find…………..
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…………….
A Few Thoughts Before the Open: The employment numbers released this morning were horrible. As a result we are looking at a sell off on […]
A Few Thoughts Following the Close: The overall market again moved lower Friday in a broad based selloff that saw every index I track move […]
A Few Thoughts Before the Open: The overall market moved moderately lower yesterday in a relatively broad based move that saw the majority of the […]
A Few Thoughts Before the Open: As I write this, pre-market futures are sharply lower in the U.S. due to news form Europe that economic […]
A Few Thoughts After the Close: The overall market moved sharply higher yesterday in a relatively broad based move that saw basically every sector index […]
A Few More Thoughts Before the Open: I’ve got a few more minutes in the office this morning and wanted to update the support and […]
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