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Sterling Weekly for the Week of January 18th, 2010
A Look at the NYSE-ARCA Natural Gas Index 'XNG'

Since the previous edition of the Sterling Weekly, the Dow Jones Industrial Average declined a whopping 8.54 points, to finish at 10,609.65 In terms of weekly change, last week was probably the least volatile week I've seen in the 20 years I've been active in the market. I thought I would take a look at the NYSE-ARCA Natural Gas Index 'XNG' this week. The 'XNG' set a new 12 month closing high of 567.11 on January 6th of this year, and despite pulling back recently the trend still remains to the upside.

The companies in the 'XNG' companies primarily involved in natural gas exploration, production, and pipeline transportation and transmission. The components include Williams Co. 'WMB', EOG Resources 'EOG', and Devon Energy 'DVN' to name a few. A full list of the components of the 'XNG' can be found on the Sterling page covering the 'XNG' (here).

I've include a long term chart of the 'XNG' below that shows the 'XNG' reaching its all-time closing high of 761.11 on June 23, 2008, and the subsequent downward movement that followed with the onset of the credit crisis of late 2008. Since the market bottomed in March of last year, the 'XNG' has been in a new upward trend as indicated by the trendline on the chart. Additionally there is a "cup & handle" pattern that provides for a measured move from the current level approximately 555 to the 601 level. This should take the 'XNG' to the upper end of the resistance on the chart. If the 'XNG' is able to close above the resistance levels, then the 'XNG' should be able to retest its previous all-time closing high of 761.11 On a longer term basis, if the XNG is able to close above 761, then our multi-year target on the 'XNG' is over 1,100.

Natural Gas Index 'XNG'


Sterling Calendars for the Week of January 18th, 2010.
Economic Calendar

Date

Est. Time Release

For

Consensus Prior
01/19 9:00am Net Long TERM TIC Flows Nov. $27.5B $20.7B
01/20 8:30am Building Permits Dec. 580K 584K
01/20 8:30am Housing Starts Dec. 575K 574K
01/20 8:30am Core PPI Dec. 0.1% 0.5%
01/20 8:30am PPI Dec. 0.0% 1.8%
01/21 8:30am Initial Claims 01/16 440K 444K
01/21 8:30am Continuing Claims 01/09 4,600K 4,596K
01/21 10:00am Leading Indicators Dec. 0.7% 0.9%
01/21 10:00am Philadelphia Fed. Jan. 18.8 20.4
01/21 11:00am Crude Inventories 01/15 N/A 3.70M
  Misc. Calendar
Date: Comments:
01/19 Citibank 'C' announces earnings before the open. Est. ($0.33)
01/19 CSX Corp. 'CSX' announces earnings after the close. Est. $0.76
01/19 Int'l Business Machines 'IBM' announces earnings after the close. Est. $3.47
01/19 McMorran Exploration 'MMR' announces earnings before the open. Est. ($0.26)
01/19 Parker Hanifin Corp. 'PH' announces earnings before the open. Est. $0.35
01/19 TD Ameritrade 'AMTD' announces earnings before the open. Est. $0.26
01/20 AMR Corporation 'AMR' announces earnings. Time N/A. Est. ($1.19)
01/20 Bank of America 'BAC' announces earnings. Time N/A Est. ($0.52)
01/20 eBay, Inc. 'EBAY' announces earnings after the close. Est. $0.40
01/20 Morgan Stanley 'MS' announces earnings at 8:00am. Est. 0.36
01/21 American Express 'AXP' announces earnings after the close. Est. $0.55
01/21 Continental Airlines 'CAL' announces earnings before the open. Est ($0.10)
01/21 Goldman Sachs 'GS' announces earnings before the open. Est $5.19
01/21 Google 'GOOG' announces earnings after the close. Est. $6.43
01/21 Western Digital 'WDC' announces earnings after the close. Est. $1.35
01/22 General Electric 'GE' announces earnings before the open. Est. $0.26
01/22 McDonald's Corp. 'MDC' announces earnings before the open. Est. $1.02
01/22 Schlumberger 'SLB' announces earnings at 6:00am ET. Est. $0.63
  The full earnings calendar for this week can be found (here)

Prime Update:

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 $0.57/share. This is an 90% success rate.

Archived copies of our Performance Reports can be found (here).

Highlights from Recent (20) Editions of the Prime Stock Newsletter
Recommendation Date Entry Point Recent Close or Exit Price Profit* Note
Southwestern Energy 'SWN' short Dec 9 $41.77 $39.76 $2.01 Covered on the 9th
Travelers Co. 'TRV' short Dec 17 $49.50 $47.89 $1.61 Covered on the 18th
Patriot Coal 'PCX' Dec. 23 $14.90 $17.24 $2.34 Sold on the 28th
Fibria Celulose 'FBR' short Jan 14 $22.63 $20.02 $1.19 Covered on the 15th

* Our December 23rd recommendation of Patriot Coal 'PCX' @ $14.90/share, reached an intra-day high of $22.37/share on January 11th for a gain of $7.47/share.

* Our December 10th recommendation of US. Steel 'X' @ $46.74/share, set a new yearly closing high of $65.34/share on January 8th for a gain of $18.60/share.

* Our November 12th recommendation of Western Digital Corp. 'WDC' @ $38.53/share set a new yearly closing high of $46.46/share on January 5th for a gain of $7.93/share.

* 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.

 

Disclaimer: The Sterling Investments series of newsletters is produced by Sterling Investment Services, Inc. All information used in the production has been obtained from sources believed to be reliable and accurate. Sterling Investment Services does not warrant or assume any liability for inaccuracy of the information used to produce our publications. To receive further information on these services please visit our web page at: www.sterlinginvestments.com If you would like to contact us our fax # is (404)-816-8830 Email address is: enelson@sterlinginvestments.com Sterling Investment Services may hold positions in the securities recommended or may be providing consulting services to the companies mentioned within this report.
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