Indices closed down.
S&P 500 @ 3013.18, low 3000.94, high 3017.19
RSI @ 60.00
CMF @ 0.317
Internals were :
UP volume led by 1.27 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 14 in Nasdaq
VIX UP 8.65% @ 13.94
Oil @ $58.05
Gold @ $1429.70
AH news...FEYE Down 14.6%, BEAT UP 10.9%
UIS UP 15.00%, ENPH UP 15.47%
On earnings front AMD Beat on Sales and EPS as expected.
Sales guidance for Q 3 was slightly below consensus due to
cancellation of Sales from banned companies on US trade
list.
Conference call was confident and upbeat with many new
contract highlighted, Lower Sales is part of being cautious
due to ongoing trade dispute between China & USA,
it came across UPOD...under promise over deliver in Sales.
AMD was down AH $1.39, reg hours it was UP 39 cents...
net net Down $1.00 on the day.
Staying put with my position as they will have presentation
of their new Data Center chips in a week...
AAPL was UP $9.35 in AH as they beat in Sales and EPS....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE closed down due to trade jitters and Fed decision tomorrow @ 2 PM. Expect a much more dovish statement besides .25% reduction in rates, Gold should jump to a new 7 year high on that news as US$ will take a hit. Equities should rally into another new all time closing highs.
BLOG does NOT give buy or sell.
Saleem
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