Monthly Archives: September 2020

Your Tuesday Blip 9/29/20

Markets pulled back from yesterday’s uptick as investors consider the slow progress on a new stimulus package and await tonight’s debate. At the close the Dow was down 131 points at 27,452. Trading volume was down considerably from yesterday’s level. IBD has shifted to “market in correction” mode and with the election looming it seems…
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Your Monday Blip 9/28/20

Overseas market were higher on Monday after China reported its fourth straight month of rising industrial profits and Japan reported a rise in its leading economic index. These items sent markets across Asia higher and helped US markets open in the green. At the close the Dow posted a solid gain of 410 points to…
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Your Wednesday Blip 9/23/20

Stocks opened higher then reversed lower as tech stocks renewed their selloff. At the close the Dow was lower by 525 points at 26,763 on heavier trading volume. The reasons for the pullback appear to be concerns over a delay in federal stimulus as the pace of the economic recovery slowed a bit as evidenced…
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Your Tuesday Blip 9/22/20

Stocks recovered from yesterday’s selloff with the Dow up 140 points on lighter trading volume to close at 27,288. Tech stocks reversed higher led by Amazon while Tesla pulled back about 5%. Banks stocks were lower today all while consumers continue to hoard cash like no tomorrow. Morgan Stanley now estimates that US consumers have…
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