Monthly Archives: July 2016

Your Weekly Market Blip 7/22/16

Your Weekly Market Blip 7/22/16
Stocks finished out the trading week with a weak volume uptick as the Dow closed higher by 53 points to 18,570. Utilities were the leading sector which is not a group usually viewed as “quality leadership” since they usually only do well in times of stress. For the week the Dow gained about 25 basis…
Read more

Your Thursday Market Blip 7/21/16

Your Thursday Market Blip 7/21/16
The nine day run in US equity markets is over as the Dow fell 77 points to 18,517. Trading volume was higher indicating the big boys were taking some cabbage off the table. This counts as a distribution day according to IBD. Natural gas pipeline giant Kinder Morgan reported Q2 results today that met profit…
Read more

Your Wednesday Market Blip 7/20/16

Your Wednesday Market Blip 7/20/16
Markets in the US continued to march higher as technology stocks led the way thanks in part to Microsoft’s strong earnings report. The Dow closed the day at another high gaining 36 to 18,595. Trading volume was higher on the day indicating that big investors were jumping into the pool. Microsoft shot higher after announcing…
Read more

Your Monday Market Blip 7/18/16

Your Monday Market Blip 7/18/16
Stocks moved higher for the 7th day in a row as the Dow gained 16 points to 18,533 on light trading volume. Gold closed up $2.60 an ounce to $1,330 as tensions in Turkey or “TT” caused the Turkish market to drop over 5%. Things in Europe continue to fill the headlines. Turkey experienced a…
Read more