Indices closed UP .60% to 1.13%....NICE !!!!

Indices closed UP.

S&P 500 @ 3352.09, high 3352.26, low 3317.77

RSI @ 62.87

CMF @ 0.153

Internals were :

UP volume led by 1.09 to 1 in NYSE & 2.44 to 1 in Nasdaq

Advancing stocks were leading by 1.50 to 1 in NYSE & 1.46 to 1 in Nasdaq

Net new 52 wk highs were leading by 254 in NYSE & 74 in Nasdaq

VIX Down 2.78% @ 15.04

Oil @ $49.57

Gold @ $1579.50

Canadian $ @ .6672

Portfolio LSCC LK MRVL QCOM

Stocks which were UP 2% or more included    LK
HUYA IQ ROKU BYND NVDA TWLO MSFT
TSLA LYFT SHOP AMZN FEYE SPLK PRNB
FFIV OLED SNAP LVS SWKS KBH CMG..

AH news...S UP 68.54%, AMKR UP 17.32%

                LOGC Down 25.84%, ZBH Down 17.67%

LSCC reports after close on Tuesday, here are the expectations:

Q 4 Sales $100.06 Million, EPS 15 cents or 9 cents non GAAP / GAAP

Guidance Q 1 Sales $99.9 Million, EPS 14 cents / 8 cents

Expecting a beat in Sales & EPS....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE ignored rising death toll of 1000++ from Corona Virus and kept going UP after opening 100 points lower in DOW. S&P 500 & Nasdaq went on to make a new all time closing high.Internals were on the weak side, thus reflecting narrowing of market focus. It is strictly a stock pickers market where momentum lies, AMD, NVDA and FANG keep on making new highs.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed