Indices closed down 1.57% to 1.89%....

Indices closed down.

S&P 500 @ 3243.63, low 3234.50, high 3258.85

RSI @ 47.17

CMF @ 0.197

Internals were :

Down volume led by 7.14 to 1 in NYSE & 2.51 to 1 in Nasdaq

Declining stocks led by 3.62 to 1 in NYSE & 3.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 49 in NYSE & lows by 19 in Nasdaq

VIX UP 25.2% @ 18.23

Oil @ $53.14

Gold @ $1577.40

Canadian $ @ .6820

Portfolio LSCC MRVL QCOM XLNX

Stocks which closed green included IQ BYND NEM
GLD PHM ULTA KBH.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE gave us much needed beating which was overdue. Today's slump got rid of froth from this market and many sold in this panic. I do not believe Corona Virus is that deadly in scope of global numbers, It is mostly restricted to China and they are doing a superb job of controlling it.

XLNX is reporting after close, here is the expectations :

Q 4 Sales $730.63 Millions, EPS 59 cents

Q 1 guidance Sales $824.56 Millions, EPS 79 cents

I can only hope XLNX can beat in Q 4 and meet guidance!

There is only a closing BLOG these days!

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed