Wednesday, February 27, 2019

Indices closed mixed...

Indices closed mixed.

S&P 500 @ 2792.38, low 2775.13, high 2795.76

RSI @ 68.86

CMF @ 0.341

Internals were :

UP volume led by 1.15 to 1 in NYSE & .79 to 1 in Nasdaq

Advancing stocks led by .95 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 38 in Nasdaq

VIX Down 3.10% @ 14.70

Oil @ $56.94

Gold @ $1321.30

Stocks which were UP 1% or more included SQ TSLA
SHOP ESTC HUYA NIU ROKU KORS SPLK 
PRNB OLED CHK RIG LNG OSTK M
PANW.....

AH news....RUBI UP 14.84%, AAOI Down 7.65%

                   BOX Down 24.24%

SQ reported a beat on Sales & EPS in Q 4

Guiding Q 1 sales higher but EPS 4 cents below consensus
due to higher expenses.

Conference call was upbeat, Stock closed Down 6.71% AH.

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was mixed @ close only Nasdaq was in green. TAPE looks like it is going through digestive phase and may need to take rest for a while. Earnings AH were generally below expectations, so Nasdaq may be under pressure on Thursday's trading.

BLOG does NOT give buy or sell.

Saleem


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