Monthly Archives: August 2020

Your Tuesday Blip 8/25/20

Stocks got an early boost from news of renewed trade talks between China and the US but then traded lower and closed down 60 points at 28,248. Trading volume was much lower and IBD continues to show markets in rally mode. Within the markets however there are pockets of extreme valuation which can present opportunity.…
Read more

Your Monday Blip 8/24/20

Markets were higher to start the week after promising virus treatment news emerged on Sunday. At the close the Dow gained 378 points to at 28,308 on heavy trading volume. Going over the 28k mark for the Dow might signal that resistance levels are being breached as both IBD and BTS continue to indicate support…
Read more

Your Weekly Blip 8/21/20

Stocks finished the trading week on a high note with the Dow gaining 190 points to 27,930. Trading volume was higher. Apple is the largest stock in the Dow and it surged 5% today as investors pile in ahead of the month end 4-1 stock split. For the week the Dow was essentially flat with…
Read more

Your Thursday Blip 8/20/20

Stocks opened the day lower on weak unemployment claim data then drifted higher in typical trading fashion which saw techs do well while value stocks (banks, materials) continue to languish. At the close the Dow gained 46 points to 27,739. Trading volume was lower and IBD continues to show markets in rally mode. Boeing announced…
Read more