Category Archives: Daily 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…
Read more

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…
Read more

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…
Read more

Your Thursday Market Blip 5/28/20

Your Thursday Market Blip 5/28/20
The SpaceX NASA launch was scrubbed yesterday due to nasty weather and is now reset for a Saturday liftoff. Like SpaceX, the markets appeared ready to take off today but at the close they ran into bad weather over rising US China tensions related to Hong Kong. The Dow finished the day down 147 at…
Read more