Monthly Archives: June 2020

Your Monday Blip 6/29/20

Stocks opened higher thanks in part to a rebound in Boeing and positive housing data. At the close the Dow was up 580 points to 25,595. Trading volume was lower on the day and stocks continue to hold support within the current trading range of 24,800 on the low side and 27,000 on the high…
Read more

Your Weekly Blip 6/26/20

Stocks continued to pull back thanks to a surge in covid-19 cases. The Dow fell 730 points to 25,015 on heavy trading volume which indicates that institutions were taking money off the table today. IBD still has markets in rally mode while BTS went to the sidelines earlier this week. For the week the Dow…
Read more

Your Thursday Blip 6/25/20

A spike in covid-19 cases is giving stocks a case of the “willies”. Healthcare stocks were up on possible news of a vaccine but at this stage there are so many moving parts to the news cycle that it’s hard to figure it out what is meaningful. The Dow closed the day up 299 at…
Read more

Your Wednesday Blip 6/24/20

Fears of a rising tide of covid infections caused markets to retreat on heavy trading volume. The Dow pulled back 710 points at 25,445. The Dow lately has been finding support at the 50 day moving average which is roughly 24,800 and resistance at the 27,500 level. IBD still lists markets in rally mode while…
Read more