Monthly Archives: August 2020

Your Monday Blip 8/31/20

It was another mixed day on Wall Street at tech stocks moved higher while most everything else pulled back. At the close the Dow was lower by 223 at 28,430 while the NASDAQ was up 79 at 11,775. Trading volume on the Dow was down 4% while it was higher for the NASDAQ indicating the…
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Your Weekly Blip 8/28/20

Stocks closed at record levels with the Dow gaining 161 at 28,653. Trading volume was off a bit but IBD continues to list markets in rally mode plus BTS has a positive bias as well. One internal market indicator is the Dow Transportation Index which has now been up 4 weeks in a row and…
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Your Thursday Blip 8/27/20

The Dow busted out to new highs after the Federal Reserve instituted a new policy called “flexible average inflation targeting” which will allow inflation to run above the previous 2% benchmark. Investors liked the news and bank, real estate, material and industrial stocks propelled the Dow to a gain of 160 points at 28,492 while…
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Your Wednesday Blip 8/26/20

Stocks continue to creep higher thanks largely to positive tech earnings, price target upgrades for outfits like Tesla/Apple and declining infection rates for the virus. When all this is combined with the fact that there is over $15 billion cash sitting in bank deposits earning zippo we might be seeing investors becoming more willing to…
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