Indices closed mixed....

Indices closed mixed.

S&P 500 @ 3116.39, low 3108.99, high 3182.51

RSI @ 27.47

CMF @ -0.026

Internals were:

Down volume led by 3.68 to 1 in NYSE & 1.34 to 1 in Nasdaq

Declining stocks led by 1.94 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new 52 wk lows were leading by 366 in NYSE & 200 in Nasdaq

VIX Down 1.04% @ 27.56

Oil @ $48.73

Gold @ $1643.10

Canadian $ @ .6674

Portfolio HUYA IQ LSCC LK SQ

Stocks which closed 1% or more included HUYA IQ LSCC LK
MOMO BYND BZUN NVDA TSM MSFT LRCX SHOP
AAPL CGC CRON BABA AMAT ORCL.....

AH news....   SQ UP 6.87%, ESTC UP 8.62%

                    TDOC UP 17.45%, NTNX Down 17.87%

SQ reported a beat in EPS by 2 cents and a beat in Sales,
guiding Sales and EPS higher than consensus, all the metrics
were impressive and higher than expected. Conference call
was upbeat and confident about business going forward. Expect
many upgrades and higher targets.

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

IQ reports after close on Thursday, here are expectations :

Sales Q 4 $1.01 billion US, EPS loss 61 cents US

Guidance Q 1 704 billion Yuan, EPS loss 3.45 Yuan

Yuan fluctuating daily thus taken numbers from Yahoo Finance.

BIDU also reporting after close and holds controlling interest in IQ.

Expecting a beat in Sales & EPS plus better guidance from IQ.

About market, TAPE showed indecision in the wake of many reports from US where there is concern for containment of Corona Virus. President Trump tried to assure that everything is or will be under control. Market needs to digest some more to start looking @ future, thus more volatility @ open. This is when best buying opportunity are there.

BLOG does NOT give buy or sell.

Saleem