Indices closed down 2.77% to 3.15%.....

Indices closed down.

S&P 500 @ 3128.21, low 3118.77, high 3246.99

RSI @ 28.29

CMF @ 0.050

Internals were :

Down volume led by 8.50 to 1 in NYSE & 4.38 to 1 in Nasdaq

Declining stocks led by 7.42 to 1 in NYSE & 6.18 to 1 in Nasdaq

Net new 52 wk lows were leading by 332 in NYSE & 179 in Nasdaq

VIX UP 11.27% @ 27.85

Oil @ $49.90

Gold @ $1650.00

Canadian $ @ .6711

In my portfolio :

Sold MRVL @ $22.92

Bought SQ @ $77.43

Portfolio HUYA IQ LSCC LK SQ

Stocks which closed green included LK
ROKU WB NIO PRNB CSIQ QRVO
YELP.....

AH news....SCCO Down 9.3%, VICR Down 8.68%

                  TOL Down 7.88%, SPCE Down 6.40%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

SQ reports after close Wednesday, here are the expectations :

Sales Q 4 $593.07 million, EPS 21 cents

Guidance Q 1 Sales $610.26 million, EPS 16 cents

Expecting a beat in Sales & EPS......

About market, TAPE faced another barrage of selling sending DOW below 200 DMA, Russell 2000 is sitting hair above 200 DMA. S&P 500 & Nasdaq still above 200 DMA. From my famous RSI analysis of  S&P 500 which is @ 28.29....selling is just about done and is near major support level. Buying in this panic may work out with great return......

BLOG does NOT give buy or sell.

Saleem