Indices closed down .13% to 1.40%....

Indices closed down.

S&P 500 @ 2863.39, low 2860.71, high 2921.15

RSI @ 56.04

CMF @ 0.035

Internals were :

UP volume led by 3.42 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 2.46 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq

VIX UP .84% @ 33.57

Oil @ $12.34

Gold @ $1722.20

Canadian $ @ .6002

In my portfolio...Sold MGM @ $16.30 in pre market....had 2 other sell missed one by 5 cents and other by 10 cents all in pre market.....

Portfolio AMD AAL CIEN CNX DDOG MU SU TWTR

AMD reported a strong earnings report even in Corona driven world.

Sales actual $1.79 billion vs expectation of $1.78 billion...a beat by $1 million
EPS actual 18 cents vs expectations of 18 cents

Guiding sequential growth in Sales for Q 2 of $1.85 billions
21% Y/Y growth......

AMD is among few companies on planet earth which had the guts to give guidance for both next Q and full year. Based on so many unknown they are still guiding full year growth of 25% vs growth of 27.5% previously.....Conference call was extremely upbeat with great optimism for this calendar year ....reward for all that AMD down AH 3.08%.....

Stocks which were UP 1% or more included AAL MGM SU
APA CCL DAL DHI KBH PHM BA VICR SPWR CLDR
UAL EXPE FFIV QRVO MGA MS OSTK ULTA SWKS 
X M.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was very strong in pre market and open, then it was downhill with all 3 major indices closing in red and @ low of the day. Internals @ close were all positive which showed real strength of this market. Looks like futures are predicting a strong day on Tuesday based on many good earnings after hour.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed