Indices closed down .07% to .59%....

Indices closed down.

S&P 500 3036.89,low 3034.81, high 3047.87

RSI @ 62.65

CMF @ 0.018

Internals were :

UP volume led by 1.16 to 1 in NYSE & .67 to 1 in Nasdaq

Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq

Net new 52 wk highs were leading by 233 in NYSE & 63 in Nasdaq

VIX UP .61% @ 13.20

Oil @ $55.54

Gold @ $1490.70

AH news...UIS UP 13.42%, SIMO UP 15.10%

                  TENB UP 7.19%, ENPH Down 12.27%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

AMD earnings report was a beat in EPS and revenue in line. For Q 4 guidance revenue is slightly below expectations of $2.15 billion vs $2.10 billion guidance, UPOD may be in play.

LSCC was a beat in Sales and EPS ......
No real action / reaction in either stocks AH....
Analysts reaction will matter in Wednesday's trading.

About market, TAPE was lower @ close and closed near low of the day. Wednesday, It Is all about another cut in Fed funds rate @ 2.15 PM and policy statement for 2020 interest rate trend. I am expecting no surprise and market friendly statement.

BLOG does NOT give buy or sell.

Saleem