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Sterling Weekly for August 25th, 2003 |
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As August is winding down we are wrapping up what is traditionally one of the slowest times of the year. Typically only the period of time between Christmas and New Year's Eve see lighter trading volume. Typically after the Labor Day holiday trading volume picks back up and we see the market start to make a move one way or another. This year I am expecting a Fall Rally into the holiday season. Thankfully last week was a slow trading week. While I am not sure what you found when you opened your email inbox this morning, I have received almost 2,000 emails containing the SoBig.f virus. This rather nasty virus not only serves to reinforce the importance of having up to date anti-virus software, but it also sent out emails from the infected computers with a randomly assigned email address from the infected computers address book listed as the sender. The result was that the emails that where bounced back would go to someone whose PC wasn't even infected. What a pain in the ass! Norton Anti-virus has a FREE SoBig.f removal tool that can be downloaded, installed and ran very quickly and easily. Last week we made accessible from our home page archived copies of the Sterling Weekly. In the near future we will add additional features to our web pages including achieved copies of the Sterling Prime Stock Newsletter and additional calendars. Also look for additional features to be added to the Sterling Prime Stock Newsletter in the coming weeks.
Prime Update:
Sterling Investment Services is an investment research and money management firm publishing the Prime Stock Newsletter. The Prime Stock Newsletter is a daily comprehensive newsletter that is useful for investors and traders alike. Whether you are looking for short term trading opportunities ranging from day trading to a couple of weeks or if you looking to acquire a long term portfolio at smart entry points. Subscriptions a $30/month. a 3 DAY TRAIL SUBSCRIPTION IS ONLY $4.95 (more). Last week was a more active week from a trading standpoint. It was definitely one that saw the market treat our recommendations favorably.
The Dow Jones Industrial
Average:
Today's Opinion: Closed @ 9,348.87 Current Expectations: Called lower with the close on August 22nd with the close of 9,348.87 IF the Dow closes lower again on Monday, I may downgrade the move to a "Sell Signal" The Dow Jones Industrial Average 'INDU' should move lower and test 9,323.02 and on a closing basis. If the Dow closes below 9,323.02 then it should continue to move lower and test 9,284.57 on a closing basis. While I am expecting a minor pullback in the Dow, I still maintain a bullish opinion over the longer time frame for the Dow, and this move lower could complete itself within a period of a few days, followed with a new move to higher levels. The S&P 500: Today's Opinion: Closed @ 993.05 Current Expections: Called lower on the close of trading on August 22nd @ 993.05 . If the S&P 500 moves lower on Monday, I may downgrade the move to a "Sell Signal". The S&P 500 should move lower and test 978.80 and then 974.50 While the S&P 500 did not reach our upper price target of 1,007.84 it did surpass our initial target of 998.68 from last week's Sterling Weekly. The NASDAQ 100 (NDX) Current Opinion: Closed @ 1,304.51 Current Expectations: Called higher on August 9th with a close of 1,223.14. The NDX should move higher and test 1348.25 and then 1,385.01on a closing basis. While the trend of the NDX still appears to be to the upside, if the NDX is down again on Monday, it could signal the start of a downward trend. However the NDX did surpass both our upward targets from last week's Sterling Weekly. If you would like to be permanently removed
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| 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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