Indices closed down 4.42% to 4.61%.....

Indices closed down.

S&P 500 @ 2978.76, low 2977.39, high 3097.07

RSI @ 20.15

CMF @ -0.069

Internals were :

Down volume led by 13.01 to 1 in NYSE & 3.88 to 1 in Nasdaq

Declining stocks led by 7.51 to 1 in NYSE & 5.87 to 1 in Nasdaq

Net new 52 wk lows were leading by 796 in NYSE & 505 in Nasdaq

VIX UP 42.09% @ 39.16

Oil @ $47.09

Gold @ $1642.50

Canadian $ @ .6640

Portfolio HUYA IQ LSCC LK SQ

Stocks which closed green included IQ SQ
WYNN......

AH news....VMW Down 6.37%, RUN Down 8.49%

                  BYND Down 10.21%......

IQ reported a stellar Q 4 result with a huge
 13 cents beat in EPS and a $100 million 
beat in revenue. Guidance is also higher than 
consensus. Expect many upbeat comment 
from analysts. Stocks was down 1.7% in AH.

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE went south in a hurry on developing news of virus in USA, most were led to believe that USA has got it together and are managing it well, reality is far from it, thus a steepest sell off in history. BUT that is done, one must keep their focus on strategy of buying the-best company when they are on sale instead of worrying as to  where & when is the bottom.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed