Market Blip

Your Tuesday Market Blip 11/13/18

Stocks opened the day higher but finished mixed as the Dow lost another 100 points to 25,286. Trading volume was higher. The NASDAQ managed to close slightly positive thanks to a rally in chip stocks. IBD has markets under pressure again after a brief rally attempt. Amazon announced its HQ2 locations and they are Long…
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Your Monday Market Blip 11/12/18

The world economy appears to be weakening while the US economy is strong. This is pushing the US dollar higher against foreign currencies and could affect the earnings of companies that rely on exports. The markets were whacked today in part because of this and the Dow was off 602 points on light trading volume…
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Your Weekly Market Blip 11/9/18

Stocks pulled back and closed the day off 201 points to close at 25,989 on mixed trading volume. Worries over slowing global economic growth was the cause of the pullback. For the week, the Dow was up 3%. Both IBD and BTS indicators have swung back to positive readings which indicates the odds of a…
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Your Thursday Market Blip 11/8/18

After yesterday’s 500 point “Salute to Gridlock” the markets today traded mixed with the Dow gaining 11 points on light trading volume to close at 26,191. The Feds elected to hold rates steady. JP Morgan analyst Marko “Koko” Kolanovic noted that share buybacks are resuming at a torrid pace. Following the earnings blackout period, buybacks,…
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