Category Archives: Weekly Market Blip

Your Weekly Blip 6/26/20

Stocks continued to pull back thanks to a surge in covid-19 cases. The Dow fell 730 points to 25,015 on heavy trading volume which indicates that institutions were taking money off the table today. IBD still has markets in rally mode while BTS went to the sidelines earlier this week. For the week the Dow…
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Your Weekly Blip 6/19/20

The Dow opened the day up 300 points but closed the day down 208 points at 25,871 on heavy, options related trading volume. The NASDAQ finished the day up a bit in what was viewed as mixed action for markets in general. For the week the Dow was up about 1.2% or roughly 325 points.…
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Your Weekly Blip 6/12/20

Stocks rebounded after getting whacked yesterday. A Chinese official made conciliatory remarks regarding the recent tensions between the US and China. The Dow was up 477 points at 25,605. Trading volume was down. IBD still lists markets in rally mode but the number of accumulation/distribution days has increased a bit. For the week the Dow…
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Your Weekly Market Blip 6/5/20

Stocks took off like a Falcon 9 rocket after the jobs report came in better than expected…..by a mile! At the close the Dow was up 892 at 27,110. Trading volume was up big. Banks and energy sectors were leaders. For the week the Dow was up 6.6% or roughly 1,680 points. Ian “Son of…
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