Market Blip

Your Tuesday Market Blip 2/18/20

Your Tuesday Market Blip 2/18/20
All eyes are on the China virus story and its widening effect on global commerce specifically affecting shares of Apple today. Meanwhile Tesla gapped higher in what finished as an overall mixed day with the NASDAQ up while the Dow closed lower dropping 165 on heavy trading at 29,232. Apple warned investors today that it…
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Your Weekly Market Blip 2/14/20

Your Weekly Market Blip 2/14/20
Once again we get a Friday selloff as the pattern of taking money off the table before a weekend continues. The Dow closed off 25 points on slightly higher trading volume at 29,398. For the week the Dow gained 1% or 290 points in market action that is fairly constructive according to IBD and BTS.…
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Your Thursday Market Blip 2/13/20

Your Thursday Market Blip 2/13/20
Stocks took a breather after a spike in coronavirus infections. The Dow opened lower by triple digits but then rallied a bit before closing with a 127 point loss at 29,423 on lower trading volume. IBD indicators remain in rally mode and the good folks at BTS (not the Korean boy band called BTS) has…
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Your Wednesday Market Blip 2/12/20

Your Wednesday Market Blip 2/12/20
It was another strong day for the US markets as the Dow powered to a new all-time high of 29,551 up 275 points. Trading volume for the Dow was higher meaning that institutions are buyers at the current level. IBD continues to show stocks in rally mode. Federal Reserve Chair Powell spoke before Congress yesterday…
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