Monthly Archives: March 2017

Your Weekly Market Blip 3/31/17

The Dow closed the trading week down 65 points to 20,663 on light trading volume as the first quarter of 2017 came to a close. For the week the Dow had a net gain of about a 0.3% and appears to have found support at its 50 day moving average. Year to date the Dow…
Read more

Your Thursday Market Blip 3/30/17

Stocks were higher after a positive GDP report with the Dow moving up 69 points to close at 20,728 on volume that was a tad lower than the prior day. Banks rebounded as speeches by various Federal Reserve members indicate 2 or more rate hikes could happen in 2017. First Trust’s top economist and honorary…
Read more

Your Wednesday Market Blip 3/29/17

Markets were mixed today as strength in FANG stocks pushed the NASDAQ higher while the Dow was soft.  According to Fidelity, large growth stocks have become undervalued relative to large value stocks. This was due to rotational selling which occurred after the election as money moved from growth to value and this trend now appears…
Read more

Your Tuesday Market Blip 3/28/17

Stocks erased yesterday’s losses as hopes for infrastructure spending, tax cuts and regulatory relief rose. The Dow closed the day up 150 points on heavy trade to 20,701. Banks led markets higher along with restaurants and retailers. Amazon announce it had purchased Souq.com, the biggest e-commerce company in the Middle East. Having been launched in…
Read more