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Announcements
Sterling Small Cap Letter.
Sterling Investment Services is now publishing our Small Cap Review newsletter that highlights small and micro cap companies that we should be of interest to our readers. Additional information on the Small Cap. Review can be found (here).
Sterling Custom Research
Sterling Investment Services has recently published a small cap. research report on Sun River Energy, Inc. (SNRV.OB). This is a company that we think has some pretty interesting potential. A copy of our report can be found (here).
Sterling Weekly for the Week of December 28th, 2009
Moving Sideways with a New Trading Channel.
Since the previous edition of the Sterling Weekly, the Dow Jones Industrial Average rose 48.60 points, or approximately 0.005%, to finish at 10,520.10 A recent theme to the Sterling Weekly has been where is the market going from here? I tend to believe the market is essentially going to be moving sideways for the time being. I have been publishing off and on the chart of the Dow Jones Industrial Average showing the trendlines as they have evolved that have been in place for approximately the last 16 months. As the chart below shows, it looks like sometime in November the Dow Jones Industrial Average broke below its lower trendline as been more or less tracking sideways since.
Since mid November it looks as if the Dow Jones Industrial Average has started a new trading channel as indicated by the trendlines on the chart below which the Dow has stayed within since then.
What does this mean for the market?? Well, for starters further upward gains may be much tougher to come by. Secondly there is an increased chance for a market pullback. Personally, I am looking for the market to track sideways until the start of the 1st full week of January. Then we shall see what happens.
Sterling
Calendars for the Week of December 28th, 2009
The Prime Stock Newsletter is our daily newsletter that contains commentary on the overall market, and our single best trading idea for the day! (Both Long & Short Sale Recommendations) We select this stock through a combination of technical (charting) and fundamental (financial) analysis. The Prime Stock Newsletter provides select expanded quotation information, corporate description, select recent company news, our technical analysis of the shares and our expectations, and our options recommendation for the company.
Our most recent Performance Report is now available available (here). We are proud to report 18 of our last 20 recommendation resulted in profitable trades for an average profit of $0.72/share. This is an 80% success rate.
* Our December 10th recommendation of US. Steel 'X' @ $46.74/share, set a new yearly closing high of $56.86/share on December 24th for a gain of $10.12/share.
* Our November 19th short sale recommendation of JC Penny 'JCP' @ $29.15/share reached our stated target of $27.15/share on December 18th for a gain of $2.00/share.
* Our November 12th recommendation of Western Digital Corp. 'WDC' @ $38.53/share set a new yearly closing high of $44.64/share on December 24th for a gain of $6.11share.
* The
per share PROFIT is a theoretical
calculation based upon the opening
price the day the recommendation is
published and the intra day high (or
low for short sales) on the exit day.
The exit day is determined based upon
the application of our "Rules
for Trading", the implementation
of "stops" within our stated
policy, and may not reflect the complete
or full movement of the underlying
recommendation.
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