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Market Update Friday 09/18/20

This week’s selloff continued in the overnight futures session, as the SkyNet SellBots sent US stocks sharply lower at the open of trading on Wall Street. The selling continued until precisely 1:30 PM EDT (“funny” how that happens) when the BuyBots finally stepped in and rallied stocks to cut the day’s losses. The DJIA ended down 245 points (0.9%) and the NASDAQ tanked 117 points (1.1%). Gold and silver gained a bit.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 09/17/20

Yesterday afternoon’s selloff continued in the overnight futures session, as the SkyNet SellBots sent US stocks sharply lower at the open of trading on Wall Street. From there, stocks zigged and zagged their way into a solidly lower close. The DJIA ended down 130 points (0.5%) and the NASDAQ tanked 140 points (1.3%). Gold and silver slipped a bit.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 09/16/20

Morning trading was quiet ahead of Fed Head Jerome Powell’s afternoon press  Following the Fed’s announcement that it will not even consider considering raising interest rates for years to come, surprisingly, stocks sold off.

Fed sees interest rates near zero until end of 2023

The DJIA held on to a 37 point gain (0.1%) but the NASDAQ sank 139 points (1.3%). Gold and silver slipped a bit.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 09/15/20

In quiet trading ahead of tomorrow’s Federal Reserve meeting, US stocks opened a bit higher and then zigged and zagged into the close. The DJIA just about broke even and the NASDAQ added another 133 points (1.2%). Gold and silver were little changed.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 09/14/20

Following last week’s drubbings, the SkyNet BuyBots took control in the overnight futures, sending US stocks sharply higher at the open of trading. From there, stocks zigged and zagged into the close. The DJIA jumped 327 points (1.2%) and the NASDAQ soared 203 points (1.9%). Gold and silver resumed their rallies.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 09/11/20

US stocks were back in split decision mode as the SkyNet Sell Bots took another whack at tech stocks.sending US stocks opened a bit higher and then zigged and zagged into a mixed close. The DJIA ended higher 131 points (0.5%) and the NASDAQ dropped 66 points (0.6%). Gold and silver continued to consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 09/09/20

Following three straight where US stocks got smashed, bashed and trashed, the SkyNet BuyBots finally jumped in and  took control in the overnight futures, sending US stocks sharply higher at the open of trading. From there, stocks zigged and zagged to close a bit off the highs of the day. The DJIA recovered 439 points (1.6%) and the NASDAQ surged 294  points (2.7%). Gold and silver continued to consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 09/08/20

For the third day in a row, US stocks got smashed, bashed and trashed as the SkyNet SellBots took control in the overnight futures, sending US stocks sharply lower at the open of trading. From there, stocks zigged and zagged to close near the lows of the day. The DJIA plunged 632 points (2.5%) and the NASDAQ got smacked again, for 465 points (4.1%). Gold and silver continued to consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 09/04/20

US stocks got smashed, bashed and trashed again as the SkyNet SellBots took control in the overnight futures, sending US stocks sharply lower at the open of trading. The plunge continued until precisely 10:45 AM (“funny how that happens) when the BuyBots stepped in an sparked a rally into the close, cutting the day’s losses. The DJIA ended down 159 points (0.6%) and the NASDAQ got smacked for 145 points (1.3%). Gold and silver continued to consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 09/02/20

US stocks were back in “up, up  and away” mode, as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA jumped 455 points (1.5%) and the NASDAQ gained 116 points (1.0%). Gold and silver jumped then pulled back.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 09/01/20

US stocks were back in “up, up  and away” mode, as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA gained 215 points (0.7%) and the NASDAQ jumped 164 points (1.3%). Gold and silver jumped then pulled back.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 08/31/20

US stocks were back in “up, up  and away” mode, as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA gained 161 points (0.6%) and the NASDAQ advanced 70 points (0.6%). Gold and silver jumped again.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 08/28/20

It was another decidedly split decision on Wall Street as the SkyNet BuyBots shifted focused to te big tech stocks as the Wall Street pundits tinkered with the stocks inludded in the DJIA. As a result, the DJIA  dropped 224 points (0.8%) and the NASDAQ powered ahead 80 points (0.7%). Gold held steady as silver continued to outperform.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 08/27/20

It was another split decision on Wall Street as the SkyNet BuyBots shifted focused from the big tech stocks to the big industrial companies. The DJIA gained 160 points (0.6%) and the NASDAQ dropped 40 points (0.3%). Gold and silver continued to slip and consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 08/26/20

US stocks were back in “up, up  and away” mode, as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA gained 83 points (0.3%) and the NASDAQ jumped 198 points (1.7%). Gold and silver ended their consolidation over the past few days and rallied strongly.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 08/25/20

It was another split decision on Wall Street as the SkyNet BuyBots continued to focus on the big tech stocks. The DJIA dropped 60 points (0.2%) and the NASDAQ gained 86 points (0.7%). Gold and silver continued to slip and consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 08/24/20

It was another “up, up  and away” day as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA jumped 378 points (1.3%) and the NASDAQ gained 68 points (0.6%). Gold and silver continued to slip and consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 08/21/20

It was another “up, up  and away” day as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA jumped 190 points (0.7%) and the NASDAQ gained 46 points (0.4%). Gold and silver continued to slip and consolidate recent gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 08/20/20

It was another “up, up  and away” day as the SkyNet BuyBots took control in the overnight futures session. sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged their way higher into the close. The DJIA gained 46 points (0.2%) and the NASDAQ jumped 118 points (1.0%). Gold and silver recovered a bit from yesterday’s smashing.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 08/19/20

The SkyNet BuyBots took control in the overnight futures session, sending US stocks higher at the open of trading on Wall Street. From there, stocks zigged and zagged until precisely 2:00 PM EDT (“funny” how that happens)when the SellBots jumped in and sent stocks lower into the close. The DJIA dropped 85 points (0.3%) but the NASDAQ dropped 64 points (0.6%). Gold and silver got smashed and closed sharply lower.

Stay tuned as the battle of the SkyNet StockBots continues.