Market Blip

Your Thursday Market Blip 6/4/20

Your Thursday Market Blip 6/4/20
After a 500 plus point rally yesterday the Dow traded both sides of the fence today before closing with a gain of 11 at 26,281. Trading volume was heavier. The NASDAQ was down 67 points to 9,615 on higher volume making this a “distribution” day according to IBD. Bank stocks were higher while shares of…
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Your Tuesday Market Blip 6/2/20

Your Tuesday Market Blip 6/2/20
The markets have been decoupling from the outside world as investors continue to focus on the progress of economic reopenings. Gurus at US Bank noted that things are opening up more quickly than thought possible just a few weeks ago plus the US is now testing north of 400k people per day for covid. China…
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Your Monday Market Blip 6/1/20

Your Monday Market Blip 6/1/20
Stocks started in the red but overcame “social unrest” and US China tensions to finish in the black. It was a wild weekend! The Dow gained 91 points to close at 25,475 on lighter trading volume. There is concern of new virus outbreaks following the mayhem these past few days but similar concerns were voiced…
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Your Weekly Market Blip 5/29/20

Your Weekly Market Blip 5/29/20
Stocks finished the week on mixed note as tensions between the US and China is the news of the day. At the close the Dow was down 17 points on heavier trading volume at 25,383 while the NASDAQ finished up 120 points at 9,489 on lighter volume. According to IBD the stock market uptrend remains…
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