wheat – Page 3 – Sterling Holdings & Investments, LLC.

Sterling Market Commentary for Friday February 3rd, 2012

February 3, 2012 sterlinginvestments 0

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…………..

Sterling Market Commentary for Thursday February 2nd, 2012

February 2, 2012 sterlinginvestments 0

The overall market moved moderately higher on Wednesday in a broad based move that saw almost every sector indices I track move higher on the day. The strongest sectors on the day were the High Tech, Biotech, Broker/Dealers, Airlines, Banking, Cyclicals. Insurance and Chemicals. Not a single stock index I track moved lower on the day. Oil was lower by $0.87 to $97.61 per barrel, and Gold was higher by $9.30 to $1,747.10 per ounce. In the grain market, Wheat was higher by $0.0882 to $6.742 per bushel, and Corn was higher by $0.030 to $6.420 per bushel, and Soybeans were higher by $0.162 to $12.152 per bushel……..

Sterling Market Commentary for Wednesday February 1st, 2012

February 1, 2012 sterlinginvestments 0

The overall market finished Tuesday mixed with the S&P 500 and the Dow Jones Industrial Average finishing slightly lower, while the NASDAQ finished the day slightly higher. There was strength in the Transports, Utilities, Banking, Airlines, Broker/Dealers, High Tech, Oil & Gas, Biotech, and Healthcare indices. There was weakness in the Gold/Silver, Commodities, Cyclicals, Consumer, Retailers, Insurance, and Oil Services indices. Oil was lower by $0.30 to $98.48 per barrel, and Gold was higher by $6.80 to $1,737.80 per ounce. In the grain markets, Wheat was higher by $0.212 to $6.660 per bushel, and Corn was higher by $0.074 to $6.452 per bushel, while Soybeans were higher by $0.36 to $11.990 per bushel.

Sterling Market Commentary for Tuesday January 31st, 2012

January 31, 2012 sterlinginvestments 0

Early futures are once again higher as the politicians in Europe talk about solving problems without providing any real solution. People really need to be paying attention to the substance of these stories and not just the headlines. In looking at the charts from yesterday’s trading activity, I noticed that with the exception of the high tech indices the rest of the various indices I track appear to be….

Sterling Market Commentary for Friday January 27th, 2012

January 27, 2012 sterlinginvestments 0

The overall market is rather dull right now; something I find rather interesting considering the Fed’s recent announcement of prolonged ultra-low interest rates and what I consider to be rather good corporate earnings announcements. I take this to be a sign that investors are not really to enthused about the prospects for the world economy for 2012. While it is tempting to call for a market pullback, there is an old saying about never short a dull market. While my 1st Rule of Trends is that a trend remains in place until it is broken; my 2nd Rule of Trends is ……….

Sterling Market Commentary for Thursday January 26th, 2012

January 26, 2012 sterlinginvestments 0

I will admit I am just not enthused about much of anything this morning. I am deeply disappointed by the negative campaigning by the Republican candidates, I think Obama’s election year politics are going to be deeply destructive, and the Bernanke’s Fed is creating a bond bubble and in the process enabling disasterous policies that could make the 2008 financial crisis look like a warmup event. Additionally I do not see the European financial crisis as really being solved, or anything close to it. I guess I am just in one those moods.

Sterling Market Commentary for January 24th, 2012

January 24, 2012 sterlinginvestments 0

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……………………

Market Commentary – September 8th, 2011

September 8, 2011 sterlinginvestments 0

The overall market moved sharply higher yesterday in a broad based move that saw basically every sector index I track move higher on the day. The strongest sectors were the Banking, High Tech, Insurance, Broker/Dealers, Transports, Airlines, Biotech, and Cyclicals. Oil was higher by $3.32 to $89.34 per barrel, and Gold was sharply lower by $55.70 to $1,814.90 per ounce. Wheat was lower by $0.084 to $7.51 per bushel, and Corn was lower by $0.076 to $7.48 per bushel.

I know the Dow Jones Industrial Average staged an impressive 275 point rally on the day, but I just don’t see any justification for the move. I didn’t really see any news to justify the move higher other than the German court decision stating that Germany can proceed with its part in the Greek bailout, but the court’s decision basically stated that every phase of the bailout would require authorization by the German parliament. Considering that the German Chancellor’s party has lost every local election since agreeing to the bailout terms ………….