Tag Archive for Stock Market

Sterling Market Commentary for Wednesday January 25th, 2012

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…………….

Sterling Market Commentary for January 24th, 2012

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……………………

September 9th, 2011

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.