Indices closed UP .66% to 1.43%....NICE !!!!

Indices closed UP.

S&P 500 @ 3276.24, high 3285.78, low 3253.22

RSI @ 54.40

CMF @ 0.219

Internals were :

UP volume led by 2.96 to 1 in NYSE & 3.23 to 1 in Nasdaq

Advancing stocks led by 2.26 to 1 in NYSE & 2.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 138 in NYSE & 43 in Nasdaq

VIX Down 10.70% @ 16.28

Oil @ $53.48

Gold @ $1569.80

Canadian $ @ .6821

Stocks which were UP 2% or more included QCOM LK IQ
ROKU AMD CIEN SQ TSM LRCX SHOP AAL PHM
AAPL OLED QRVO YY BABA SINA OSTK SWKS
M......

In my portfolio :

Sold XLNX @ $91.00 in AH

Bought LK @ $39.16 in AH

Portfolio LSCC LK MRVL QCOM

AH news...XLNX Down 8.73%, EBAY Down 5.14%

                AMD Down 4.53%, EAT UP 9.27%

XLNX reported a beat in EPS and a slight miss in Sales,
Guidance was well below consensus due to HUAWEI 
China US trade impact...thus my exit from XLNX.

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE came back roaring and closed near high of the day, Corona Virus has been discounted as not as big as any other in recent memory. Earnings were as predicted some good most fully priced in. Stock selections needs to be looked with heavy discounting already done in many stocks. Going forward quality, growth and discounted story will be rewarded.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed