Monthly Archives: January 2020

Your Wednesday Market Blip 1/29/20

Your Wednesday Market Blip 1/29/20
Stocks bolted higher at the opening bell as earnings reports and the signing of the USMCA overcame virus headwinds. As the day wore on however the Federal Reserve announced it was keeping interest rates unchanged and the market faded to a closing level of 28,734 up 11 measly points. Tesla reports earnings later today. Trading…
Read more

Your Tuesday Market Blip 1/28/20

Your Tuesday Market Blip 1/28/20
The Dow rebounded after yesterday’s virus related selloff as tech, financial and healthcare stocks led the way. Apple reports earnings after the closing bell. IBD still has markets in rally mode while BTS has gone to treasuries. Trading volume today was lower and at the close the Dow was up 186 at 28,722. Earnings reports…
Read more

Your Monday Market Blip 1/27/20

Your Monday Market Blip 1/27/20
Stocks took a hit as the spread of the coronavirus inspired a “risk off” flight to safety. Earnings reports this week include Tesla, Apple, Amazon, Boeing and GE. At the close the Dow was down 453 at 28,535 on heavy trading volume. The good folks over at BTS traded out of high yield and into…
Read more

Your Thursday Market Blip 1/23/20

Your Thursday Market Blip 1/23/20
China continues to crack down on travel as the virus spreads. Chinese stocks were down on the news and caused US Markets to open in the red before rebounding. The Dow ended the day off only 26 points at 28,160 on higher trading volume. Both IBD and BTS indicators are positive. Earnings reports are coming…
Read more