Category Archives: Daily Market Blip

Your Thursday Blip 1/7/21

Stocks bolted to a new high after Congress certified the Electoral College results officially making Joe Biden the 46th President-elect of the United States. Outgoing President Trump promised an orderly transition of power and markets responded by setting a new high. At the close the Dow was up 211 at 31,041. Trading volume was lower…
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Your Wednesday Blip 1/6/21

The markets responded to the Georgia election results with a rotation into value stocks like banks and material companies and out of tech stocks. At the close the Dow was up 437 at 30,829. Trading volume was up and both IBD and BTS continue to show markets in rally mode. The election results were a…
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Your Tuesday Blip 1/5/21

With all eyes on Georgia the markets traded higher today and at the close the Dow was up 167 at 30,391 on heavy trading volume. Both IBD and BTS indicators remain positive. The latest IHS Market manufacturing PMI declined from 57.1 to 56.3 meaning that growth rates slowed a bit in December. According to IHS…
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Your Monday Blip 1/4/21

Stocks opened higher then promptly fell over 600 points before finally closing with a loss of 382 at 30,223 on heavy trading volume. Todays action appears to be political in nature as the Georgia special runoff election is coming up and gurus are saying it could increase market volatility. Mining stocks did well today as…
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