Tag Archive for S&P 100

Sterling Market Commentary for Wednesday October 10th, 2012

A Few Thoughts on Wednesday’s Market: In looking at the charts from yesterday’s trading activity I was struck by the apparent breakdown and weakness in the vast majority of the charts I looked at. While there is a good possibility several of these indices could bounce from these levels, another couple of down days will break the upward trend that has been in place since early summer and signal the start of a new downward trend. The charts of the various sector indices I track can be grouped into 3 basic categories. The 1st being the capitalization weighted tech indices that are very heavily weighted with Apple, Inc. ‘AAPL’. Due to the excessive weighting of Apple within these indices as Apple has moved lower, these indices have been dragged lower at a sharp paces. Basically a kind of “Live by the Sword, Die by the Sword” situation.

Sterling Market Commentary for Monday August 20th, 2012

In looking at the charts from Friday’s market, I noticed a couple of things. The 1st being that there were a significant number of stocks that broke through downside support on fairly heavy trading volume, and a lot less stocks broke through upside resistance on heavier than normal trading volume. The other item I noticed is that the S&P 500 ‘SPX’ has yet to surpass its yearly high of 1,419.04 set on April 2nd of this year; while the S&P 100 ‘OEX’ (which we do not hear much about anymore) surpassed its yearly high of 645.29 set on April 2nd of this year with its close of 646.22 on August 10th. While a couple of weeks of action may not be too significant in the long run, until we reach the long run there may be some significance in the short term message………………….