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Market Update Thursday 07/02/20

The SkyNet BuyBots took control shortly before trading on Wall Street opened, as a  strong employment report. From there, stocks zigged and zagged their way into the close, holding onto most of the early gains. The DJIA advanced 92 points (0.3%) and the NASDAQ tacked on another 53 points (0.5%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Wednesday 07/01/20

The SkyNet StockBots seem to have headed for the (mostly closed) beaches ahead of Independence Day holiday, as US stocks delivered a split decision in quiet trading. The DJIA dropped 78 points (0.3%) and the NASDAQ gained another 96 points (0.9%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Tuesday 06/30/20

It was pretty much another “Up, Up and Away” day on Wall Street, as the SkyNet BuyBots made sure US stocks closed solidly in the green on the last tasding day of the month and the quarter. The DJIA gained 217 points (0.8%) and the NASDAQ jumped 184 points (1.8%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Monday 06/29/20

As with last Monday, it was pretty much an “Up, Up and Away” day on Wall Street, as the SkyNet BuyBots applied steady pressure from open the close. The DJIA jumped 580 points (2.3%) and the NASDAQ surged 117 points (1.2%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Wednesday 06/24/20

The SkyNet SellBots took control in the overnight futures trading, sending US stocks sharply lower at the open of trading on Wall Street. Newfound fears focusing on additional expansion of the Covid virus infection took center stage all day. Yes Dave Portnoy, stocks do go down at least occasionally. The DJIA plunged 710 points (2.7%) and the NASDAQ sank 222 points (2.2%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Tuesday 06/23/20

The SkyNet BuyBots took control in the overnight futures trading, sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged and went a net nowhere, closing close to where they opened the day. The DJIA gained 131 points (0.5%) and the NASDAQ surged 75 points (0.7%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Monday 06/22/20

It was pretty much an “Up, Up and Away” day on Wall Street, as the SkyNet BuyBots applied steady pressure from open the close. The DJIA ended higher by 153 points (0.6%) and the NASDAQ jumped 110 points (1.1%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Friday 06/19/20

Trading was a bit more volatile than seen in the past few days, but it was the same end result as US stocks zigged and zagged into a mixed close. The DJIA ended down 208 points (0.8%) and the NASDAQ held on to a gain of 3 points (0.0%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Thursday 06/18/20

It was another relatively quiet day of  trading as US stocks zigged and zagged into a mixed close.

The DJIA ended down 39 points (0.1%) and the NASDAQ edged higher by 32 points (0.3%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Wednesday 06/17/20

It was a relatively quiet day of  trading as US stocks zigged and zagged a bit to the upside, until precisely 1:30 PM (“funny” how that happens) as the SkyNet SellBots stepped in and  sent stocks lower into the close. The DJIA ended down 170 points (0.6%) and the NASDAQ held on to a gain of 14 points (0.1%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Tuesday 06/16/20

It was another wild day of trading, as the SkyNet BuyBots gained control in the overnight futures session, leading to a jump drop at the open of trading on Wall Street. From there, stocks zigged and zagged all over the place but ended pretty much where they stated the day. The DJIA ended higher by 527 points (2.0%) and the NASDAQ gained 167 points (1.7%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Monday 06/15/20

It was a wild day of trading to start the week following last Thursday’s dramatic drop. The SkyNet SellBots gained control in the overnight futures session, leading to a sharp drop at the open of trading on Wall Street. From there, the BuyBots jumped right in on news that the Federal Reserve will take the next step toward nationalizing the US economy.

The Fed says it is going to start buying individual corporate bonds

The DJIA ended higher by 157 points (0.6%) and the NASDAQ gained 137 points (1.4%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Thursday 06/11/20

The SkyNet SellBots took total control in overnight futures trading, sending US stocks sharply lower at the open of trading on Wall Street. The selling intensified all day, on fears of a second wave of the Covid virus  as well as continued reaction to Fed Head Powell’s bearish assessment of the economy.

Dow plunges 7%, marks worst day since March as Fed’s grim outlook  unsettle bulls

The DJIA mini-crashed 1,862 points (6.9%) and the NASDAQ plunged 528 points (5.3%) to a fresh closing high.

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Wednesday 06/10/20

The SkyNet StockBots stayed on the sidelines for most of the day as US stocks zigged and zagged their way to another widely diverging mixed close. The StockBots came to life following Fed Head Jerome Powell’s afternoon press conference.

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

The DJIA dropped 282 points (1.0%) and the NASDAQ tacked on yet another 66 points (0.6%) to a fresh closing high.

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Tuesday 06/09/20

After the buying frenzy over the last week, the SkyNet StockBots finally took a breather as US stocks zigged and zagged their way to a mixed close. The DJIA dropped 300 points (1.0%) and the NASDAQ tacked on another 29 points (0.2%) to a fresh closing high.

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Monday 06/08/20

The buying frenzy continued unabated as the SkyNet BuyBots put the pedal to the medal all day, right into the close. The DJIA jumped another 461 points (1.7%) and the NASDAQ surged 111 points (1.1%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Thursday 06/04/20

It was a relatively quiet day on Wall Street, as the buying frenzy of the past few days finally subsided. US stocks zigged and zagged their way to a mixed close. The DJIA advanced 12 points (0.1%) and the NASDAQ dropped 67 points (0.7%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Wednesday 06/03/20

The buying frenzy on Wall Street continued again today, as the SkyNet BuyBots continued to say “Riots? What riots? Lootings? What lootings? Property destruction? What destruction?” US stocks jumped at the open of trading on Wall Street, and continued right into the close. The DJIA jumped 527 points (2.0%) and the NASDAQ tacked on 74 points (0.8%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Tuesday 06/02/20

Nationwide riots? What riots? Lootings? What lootings? Property destruction? Chaos? The SkyNet BuyBots say “bring it on!”  US stocks zigged and zagged their way to another solid gain. The DJIA jumped 267 points (1.0%) and the NASDAQ tacked on 55 points (0.6%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Monday 06/01/20

Despite or possibly counter-intuitively because of the protests, violence and destruction in many cities across the US,  US stocks rallied slowly and steadily from open to close. The DJIA gained 91 points (0.3%) and the NASDAQ surged 62 points (0.7%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Friday 05/29/20

The SkyNet SellBots gained the upper hand in the overnight futures session, as fears over the US-China trade escalated. US stocks traded sharply lower until precisely 11:00 AM EDT when the BuyBots stepped in and slowly but steadily rallied the market into a mixed close. The DJIA fell 17 points (0.1%) and the NASDAQ surged 120 points (1.3%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

Market Update Thursday 05/28/20

It was yet another Ground Hog Day at the start of trading on Wall Street, as stocks continued the strong action of the last few days. All was well until precisely 3:00 PM EDT (“funny” how that happens) and the SkyNet SellBots jumped in and slammed the rally into reverse. Seems the Bots took notice that Donald Trump was about to advance the US-China trade war to the next level. The DJIA dropped 148 points (0.6%) and the NASDAQ sank 43 points (0.5%).

Stay tuned as the battle 0of the SkyNet StockBots continues.