Wednesday, January 29, 2020

Indices closed mixed...

Indices closed mixed.

S&P 500 @ 3273.40, low 3271.89, high 3293.47

RSI @ 53.71

CMF @ 0.187

Internals were :

Down volume 1.30 to 1 in NYSE & 1.58 to 1 in Nasdaq

Declining stocks led by .99 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk highs were leading by 195 in NYSE & 50 in Nasdaq

VIX UP .68% @ 16.39

Oil @ $53.33

Gold @ $1570.40

Canadian $ @ .6795

Stocks which were UP 1% or more included HUYA ASML WB 
LULU SQ MCD MSFT FB TSLA AEM FEYE AAPL YY
V X .....

In my portfolio..Added 75% LSCC @ $20.80

Portfolio LSCC LK MRVL QCOM

AH news... TSLA UP 11.62%, QRVO UP 9.8%

                  NOW UP 6.48%, MSFT UP 4.14%

                  FB Down 6.96%, PYPL Down 2.54%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed after Fed statement and Q&A. Internals were weak. AH earnings were broadly strong which should give support to Nasdaq. Even marking time @ this stage to deal with Corona Virus Flight restrictions is an healthy pause. Stay with  strong stocks and make changes when called for. Steady as she goes remains in focus.

BLOG does NOT give buy or sell.

Saleem

No comments: