Monthly Archives: January 2021

Your Thursday Blip 1/28/21

Three monsters reported earnings yesterday while the populist Reddit army continued to smash the institutional shorts in what some are calling a small scale replay of the famous Northern Pacific short squeeze of 1902 when shares of NP went from $45 to $1,000. At the close the Dow was up 300 at 30,603. Trading volume…
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Your Wednesday Blip 1/27/21

After yesterday’s downside reversal markets saw continued selling action which sent the Dow to its biggest loss of the year with a 634 point decline on heavy trading volume to close at 30,303. What sparked the selloff was the Federal Reserve citing recent economic deterioration as the pandemic rages on. Volatility is also on the…
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Your Tuesday Blip 1/26/21

Earnings reports are coming fast and furious and investors are liking the results however the Dow cannot seem to break above current levels with any sort of conviction. At the close the Dow was lower by 22 points to 30,937. The Nasdaq also finished in the red. Stocks had opened the day higher but gains…
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Your Monday Blip 1/25/21

Stocks played a mixed game today with the Dow down while the NASDAQ moved higher. At the close the Dow was lower by 36 points to 30,960. Trading volume was higher across the board indicating that institutional buyers were involved. Banks and energy stocks were lower while tech was generally higher with Apple surging to…
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