Market Blip

Your Weekly Blip 8/8/22

The Markets and Economy The Dow continues to putter along having moved up about 7.5% from support levels that were put in back in July. Today the Dow finished up 29 points at 32,832 on slightly higher trading volume. IBD indicates that markets are in a confirmed uptrend although uncertainty abounds. Earnings reports continue to…
Read more

Your Weekly Blip 8/1/22

The Markets and EconomyAfter working both sides of the fence the Dow closed the day lower by 46 points ending at 32,798. Trading volume was lower but IBD has now lifted its market rating to “market in confirmed uptrend” after last week’s 2.97% rally. Another positive indicator is that junk bond prices are on the…
Read more

Your Weekly Blip 7/25/22

The Markets and EconomyThe markets closed out Monday’s trading session mixed with the Dow up 21 at 31,920 while the NASDAQ fell 51 at 11,782. Market are still under pressure but appear to be holding at support as investors are cautiously digesting earnings reports.Earnings reports are coming in better than expected however forward guidance is…
Read more

Your Weekly Blip 7/18/22

The Markets and EconomyThe Dow closed lower by 215 points today closing at 31,072. Last week the Dow traded in a wide range but managed to close down only 49 points after a strong rally on Friday. Today’s action was a continuation of the back and forth as the Dow began the day with a…
Read more