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
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