Indices closed down .09% to .26%....

Indices closed down.

S&P 500 @ 3013.18, low 3000.94, high 3017.19

RSI @ 60.00

CMF @ 0.317

Internals were :

UP volume led by 1.27 to 1 in NYSE & 1.47 to 1 in Nasdaq

Advancing stocks led by 1.26 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 203 in NYSE & 14 in Nasdaq

VIX UP 8.65% @ 13.94

Oil @ $58.05

Gold @ $1429.70

AH news...FEYE Down 14.6%, BEAT UP 10.9%

                  UIS UP 15.00%, ENPH UP 15.47%

On earnings front AMD Beat on Sales and EPS as expected.
Sales guidance for Q 3 was slightly below consensus due to 
cancellation of Sales from banned companies on US trade 
list.
Conference call was confident and upbeat with many new 
contract highlighted, Lower Sales is part of being cautious 
due to ongoing trade dispute between China & USA, 
it came across UPOD...under promise over deliver in Sales. 
AMD was down AH $1.39, reg hours it was UP 39 cents...
net net Down $1.00 on the day. 
Staying put with my position as they will have presentation 
of their new Data  Center chips in a week...

AAPL was UP $9.35 in AH as they beat in Sales and EPS....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE closed down due to trade jitters and Fed decision tomorrow @ 2 PM. Expect a much more dovish statement besides .25% reduction in rates, Gold should jump to a new 7 year high on that news as US$ will take a hit. Equities should rally into another new all time closing highs.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed