Monthly Archives: July 2020

Your Thursday Blip 7/30/20

Stocks closed mixed as the Dow fell while the NASDAQ was higher. News affecting markets today was a weak GDP report and word that Congress was deadlocked on a stimulus bill. At the close the Dow was lower by 225 points at 26,313. Trading volume was higher for the day. IBD still lists markets as…
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Your Wednesday Blip 7/29/20

Stocks were generally higher thanks to earnings reports, stimulus talk, comments by the Federal Reserve and positive housing data. At the final bell the Dow gained 160 points on heavy trading volume to close at 26,539. The Federal Reserve noted that while the economy is improving any forward progress will be highly influenced by whether…
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Your Tuesday Blip 7/28/20

The Federal Reserve meets today and gurus are expecting interest rates to stay low. On Capitol Hill members of Congress and negotiating the next stimulus bill. At the close the Dow fell 205 points to 26,379. The silver lining today was that trading volume was low. There is a slew of earnings reports out this…
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Your Monday Blip 7/27/20

Earnings reports on tap this week include Amazon, Faceplant, Apple and Exxon. Vaccine and fiscal stimulus news pushed markets higher with the Dow up 114 at 26,584. Trading volume was higher plus the NASDAQ rebounded a bit from last week’s profit taking. IBD has markets in rally mode and BTS has 50% exposure. According to…
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