Monthly Archives: October 2020

Your Thursday Blip 10/29/20

Stocks bounced from yesterday’s selloff. The Dow closed the day up 139 at 26,659. Trading volume was lower. The tech heavy NASDAQ did well and was up 180 points at 11,185. IBD still has the rally as being under pressure. Amazon, Googs and others report earnings after the closing bell. US 3rd quarter GDP came…
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Your Wednesday Blip 10/28/20

Rising covid infections pushed stocks lower. An analysis of the rising covid wave in Europe points to young people out partying and drinking in bars as the main culprit behind the rising infections. At the close the Dow was lower by 943 points to 26,519. Trading volume was up. Losses accelerated into the close during…
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Your Tuesday Blip 10/27/20

Four major items (the four horseman of the apocalypse?) continue to drive market action and they are “Election, Stimulus, Earnings and Infections”. The Dow closed the day lower by 222 points at 27,463. Trading volume was lower. The NASDAQ meanwhile gained 72 points to 11,431 as tech stocks jumped on merger news. After yesterday’s drubbing,…
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Your Monday Blip 10/26/20

Lack of a stimulus deal plus rising covid cases pushed stocks lower to open the trading week. German software giant SAP led tech stocks lower after the company lowered its full year revenue guidance due to the effects of the health crisis. At the close the Dow was down 650 at 27,685 on heavy trading…
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