Market Blip

Your Thursday Market Blip 1/17/19

Your Thursday Market Blip 1/17/19
Stocks opened lower but then traded up as earnings reports continue to hit the news wires. Later in the day markets spiked on positive trade rumors and at the close the Dow was up 163 points on lighter trading volume to finish at 24,370. US natural gas pipeline biggie Kinder Morgan reported earnings which missed…
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Your Wednesday Market Blip 1/16/19

Your Wednesday Market Blip 1/16/19
Stocks moved higher with the Dow gaining 141 points on mixed volume to end the day at 24,207. Stocks were led higher by a surge in banks and index levels are back to the 50-day moving average. While IBD is in rally mode, BTS indicators remain in cash but are leaning toward a reentry into…
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Your Tuesday Market Blip 1/15/19

Your Tuesday Market Blip 1/15/19
FANG stocks led US equities higher. Meanwhile across the pond, the Brexit vote failed by a 2:1 margin and while the euro fell in response, markets took it in stride and shouldered on. At the close the Dow was up 155 points on heavy trading volume to close at 24,065. Wells Fargo reported a 2%…
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Your Monday Market Blip 1/14/19

Your Monday Market Blip 1/14/19
The Dow Jones industrials declined at the open after disappointing economic data out of China. December exports and imports dropped surprisingly in China and the trade surplus with the US widened. We have been reading articles about falling property values, rising defaults and business closures in China. One economic guru gave a speech to business…
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