Indices closed down .16% to .92%....

Indices closed down.

S&P 500 @ 2088.66, low 2085.23, high 2102.56

RSI @ 29.14

CMF @ -0.251

Internals were :

Down volume led by 1.29 to 1 in NYSE & 2.42 to 1 in Nasdaq

Declining stocks led by 1.52 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new 52 wk lows were leading by 92 in NYSE & 195 in Nasdaq

VIX UP 14.29% @ 22.08

Oil @ $44.66

Gold @ $1303.30

AH ER..QRVO Down 10.34%, GPRO Down 19.92%

TWLO  reported a beat in Q3 Sales and EPS and guided UP in Q4 Sales and EPS...it was rewarded with further $3 per share loss in AH......but after excellent conference call, it ended AH session down only 1.84%.....

Here is the actual result Q3 Sales expectations $66.79 million.
actual Sales $71.5 million, EPS expected loss 8 cents, actual EPS loss 4 cents.
Q4 Sales guidance expected $68.98 million, guiding $72.5 to $74.5 million, EPS expected loss of 6 cents, guiding loss of 5 cents......nothing is good enough these days......

AH Futures UP

AH Asian markets Down

AH Oil & Gold UP

About market, TAPE has been slaughtered irrespective of stocks, look @ RSI of 29.14 in S&P 500, only @ major bottom. This is more than ridiculous in terms of being deeply oversold, a major bounce is imminent, which even this crazy election cannot postpone it. All i have done, is to ensure, that  my diversified portfolio is ready for any bounce and then will build from there. This relentless selling in all stocks makes no sense. Buy quality stocks @ today's level. There is a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed