Indices closed down.
S&P 500 @ 2141.34, low 2133.44, high 2147.18
RSI @ 46.69
CMF @ -0.057
Internals were :
Down volume led by 1.14 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 11 in Nasdaq
VIX Down 4.58% @ 13.75
Oil @ $50.43
Gold @ $1267.50
AH ER.. AMD Down 5.75%, MSFT UP 5.9%
AMD earning report was a substantial beat in Q3 Sales, Actual $1.307 billion vs expected $1.21 billion and EPS, actual 3 cents vs expected 0 cent, also guiding Q4 higher than consensus, but it was beaten down sharply in AH........
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reacted to lower oil & ECB no change policy. MSFT earnings are stellar which may give support to Nasdaq. Weakness in TAPE is very surprising @ this stage of earning season. Stay with high quality stocks, as they are performing much better than weaker stocks. Friday, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
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