Monthly Archives: May 2020

Your Thursday Market Blip 5/28/20

Your Thursday Market Blip 5/28/20
The SpaceX NASA launch was scrubbed yesterday due to nasty weather and is now reset for a Saturday liftoff. Like SpaceX, the markets appeared ready to take off today but at the close they ran into bad weather over rising US China tensions related to Hong Kong. The Dow finished the day down 147 at…
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Your Wednesday Market Blip 5/27/20

Your Wednesday Market Blip 5/27/20
Stocks marched higher for a second day as news of job cuts at Boeing and Amtrak were sidelined by people tuning in to watch the SpaceX launch. At the close the Dow was up 553 at 25,548. Trading volume was on the rise as IBD and BTS indicators continue to confirm the rally. Market action…
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Your Tuesday Market Blip 5/26/20

Your Tuesday Market Blip 5/26/20
Stocks took off on upbeat sentiment with the Dow gaining 529 points to close at 24,995. Trading volume was up significantly. Banks and energy stocks led the way while tech held steady for the most part. BTS is 70% HY and IBD has markets in rally mode. Economist Chris Low over at FHN noted that…
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Your Weekly Market Blip 5/22/20

Your Weekly Market Blip 5/22/20
Stocks closed out the trading week on a mixed note with the Dow lower by 8 points at 24,465 while the NASDAQ gained about 39 points to 9,324. Trading volume was lower. For the week the Dow gained about 3.2%. An early selloff in the Dow reversed higher mid-day which was positive trading action. The…
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