In today’s edition of the Sterling Market Commentary we take a look at Thursday’s market, as well as our thoughts on the recent economic data from this week including Gross Domestic Product and the unemployment rate.
Tag Archive for recession
Sterling Market Commentary for Monday October 22nd, 2012
by sterlinginvestments • • 0 Comments
A Few Thoughts on Monday’s Market: The overall market is showing considerable weakness, with the high tech sector in an outright bearish trading pattern. A lot of the weakness in the high tech sector can be attributed to a pull back in the shares of Apple, Inc. ‘AAPL’. However it is not just Apple that is causing the weakness in the high tech sector, there is considerable weakness in the WinTel world, those high tech companies that are focused products utilizing either Microsoft or Intel architecture. I think that the stock market is signalling a pullback in the U.S. Economy. I also think that this signal would be a lot louder and clearer if it was not for the Quantitative Easing programs of the Fed and their market manipulation effects. In looking at the charts from Friday’s activity I noticed that the M.S. Consumer Index ‘CMR’ had not yet broken its recent upward trendline. I am keeping an eye on the ‘CMR’. If we have another couple of down days and this index breaks its upward trendline, then I see this as a potential confirmation that the U.S. Economy is headed back into a recession…..
Sterling Market Commentary for Friday September 28th, 2012
by sterlinginvestments • • 0 Comments
The Dow Jones Industrial Average closed Thursday at 13,485.97 I continue to see upside resistance at 13,558.92 and downside support at approximately 13,345. Volume on the Dow Jones Industrial Average continues to be light. I generally consider this to be a negative sign when the Dow Jones is trading at multi-year highs.