A Couple of Thoughts Ahead of the Open: Despite yesterday’s strong market move and the upward trend of the charts, this morning’s horrible jobs number has futures sharply lower. Obviously looking for a down day. Looking for a short position…
Tag Archive for up trend
Market Commentary – July 7th, 2011
by sterlinginvestments • • 0 Comments
A couple of thoughts ahead of the open: I think the jobs numbers were mixed. While ADP came in better than expected, historically the ADP number is subject to wide fluctuation and revisions. Secondly, the jobless claims numbers continue to…
Market Commentary – July 6th, 2011
by sterlinginvestments • • 0 Comments
A couple of notes from my review of the charts from today’s trading activity. The Dow Jones Transportation Average hit a new yearly closing high today. It looks like it has completed a “cup pattern” with a measured move to…
Market Commentary – July 5th, 2011
by sterlinginvestments • • 0 Comments
I would like to welcome everyone back from the 4th of July holiday weekend. The overall stock market staged a rather impressive rally the last week of June. The Dow Jones Industrial Average rallied from 11,934.58 to close out Friday…