Indices down .62% to .77%.....

Everything was fine on Wall Street and markets were rebounding sharply UP from Fed debacle, then we got the tweet and we are tumbling sharply on escalating trade war between USA & China, US plan to impose 10% duty on additional $300 Billion worth of imports from China.....

S&P 500 @ 2955.51, low 2952.65, high 3013.59

Internals are negative

Oil Down $4.36

Gold UP $12.40

Canadian $ Down 30 tick @ .6781

VIX UP 16.87% @ 18.84

Portfolio AMD CIEN CRON FB IQ SQ TSLA 

Most stocks are down

@ 2.26 PM following are green :

SQ NEM AEM GLD SHOP MTCH NIU PHM
FSLR CRUS CSIQ JKS YELP SPWR MA
MCD MSFT KBH IBM V.....

SQ reports AH, here are the expectations :

Sales Q 2 $557.07 Million, EPS 16 cents

Guidance Q 3 Sales $598.96 Million, EPS 22 cents

Expecting a beat in Sales & EPS......

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed