The Dow began the day lower but slowly began to rally and at the close was up 60 at 29,884. Trading volume was lower for the day. Today’s upside reversal is positive for the markets from a technical standpoint because it showed that early selling was on light volume and was met with money coming…Read more
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Stocks rebounded from yesterday’s pullback as the Dow posted a gain of 185 to 29,823. Trading volume was lower. Market gurus continue to ride the vaccine optimism trade. The Dow was up over 11% in November which was the best monthly performance since the rebound from the 1987 market crash. Zoom Video reported earnings yesterday…Read more
Positive vaccine news from Moderna failed to boost stocks as the Dow closed the day down 271 at 29,639 on heavier trading volume. For the month of November the Dow turned in its best performance in 33 years as optimism over a vaccine and possible stimulus 2.0 package from Uncle Sam brought investors out in…Read more
This was supposed to be a quiet week from a trading perspective but Mr. Market did not get that memo and for the first time the Dow crested the 30,000 level. Vaccine hopes continue to fuel the rally plus news that Janet Yellen might be appointed head of Treasury gave Wall Street a boost. At…Read more
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