Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2475.56, high 2571.42, low 2407.53

RSI @ 40.36

CMF @ 0.071

Internals were :

UP volume led by 4.13 to 1 in NYSE & 1.54 to 1 in Nasdaq

Advancing stocks led by 4.66 to 1 in NYSE & 2.03 to 1 in Nasdaq

Net new 52 wk lows were leading by 84 in NYSE & 67 in Nasdaq

VIX UP 3.70% @ 63.95

Oil @ $24.49

Gold @ $1633.40

Canadian $ @ .5659

In my portfolio...

Added 200% SU @ $11.90
Bought ROKU @ $93.00

Portfolio CIEN TNA LK MU PHM ROKU XLE SU TWTR GDX

Stocks which were UP 2% or more included LK PHM SU
NKE BA VICR LYFT HUYA SQ RUN BYND CLDR
BZUN TLRY TSLA SHOP EXPE OLED PANW YY
FSLR WYNN LVS MA MS V ULTA KBH M...

MU reported a beat in Sales & EPS in Q 2 plus gave in-line guidance for Q 3

Sales Q 2 actual $4.8 billion vs expected $4.69 billion, a beat by $110 million
Q 2 EPS actual 45 cents vs expected 37 cents, a beat by 8 cents

Guidance Q 3 Sales $4.6 to $5.2 billion vs expected $4.88 billion
Guidance EPS Q 3 40 cents to 70 cents vs expected 52 cents

Conference call was confident & upbeat despite horrendous uncertainty about Corona Virus impact in China and other countries where they manufacture & sell.

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE finally closed with 2 UP days in a row in DOW & S&P 500. Internals were mostly positive except VIX stuck in the mud @ super elevated level. Many stocks were jumping as much as 20% for several days from panic lows. IF politicians get their act together, we may make it 3 in a row which will get many traders, institutions very excited about market.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed