Category Archives: Weekly Market Blip

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.…
Read more

Your Weekly Market Blip 2/7/20

Stocks pulled back after a 4 day rally. A blowout labor report was not enough to overcome Chinese coronavirus fears. At the close the Dow was off 277 points at 29,102. Trading volume was off. We seem to be developing a pattern where investors take money off the table on Friday to mitigate weekend risk.…
Read more

Your Weekly Market Blip 1/31/20

Stocks ended the month with a thud as the World Health Organization or WHO declared the coronavirus outbreak a public health emergency of international concern and the US declared a national public health emergency. The virus, which is not associated with Corona Beer, continues to spread like butter on warm toast shutting down jobs, incomes…
Read more

Your Weekly Market Blip 1/17/20

Markets closed slightly higher to end the week. The Dow gained 49 points to 29,347. Trading volume was high thanks to this being the one day each month where option contracts expire. For the week the Dow gained almost 500 points or roughly 1.8%. US Housing starts ended 2019 with a bang, posting the largest…
Read more