Thursday, August 29, 2019

Indices UP 1.41% to 1.71%...NICE !!!!

Indices are @ their high of the day due to major development in China US trade dispute, first negotiation have started @ much higher level than before means decision makers are involved and China is not imposing any September 1st retaliatory tariff.

S&P 500 @ 2930.19, high 2930.37, low 2905.67

Internals are positive by 4 to 1

Oil UP 47 cents

Gold Down $14.20

Canadian $ UP 10 tick @ .6705

VIX Down 7.65% @ 17.87

Portfolio AMD BZUN CIEN MRVL SPWR TWTR

Most stocks are UP

@ 2.16 PM following are red :

NEM AEM GLD CGC TLRY OSTK....

After close MRVL reports, here are the expectations :

Sales Q 2 $652.05 million, EPS 15 cents

Guidance Sales Q 3 $697.58 million, EPS 21 cents

Expecting a beat and in-line guidance!

BLOG does NOT give buy or sell.

Saleem

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