Indices closed UP.
S&P 500 @ 3297.59, high 3306.92, low 3280.61
RSI @ 56.91
CMF @ 0.065
Internals were :
UP volume led by 3.58 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & 98 in Nasdaq
VIX Down 10.68% @ 16.05
Oil @ $49.61
Gold @ $1555.50
Canadian $ .6730
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 3% or more included LSCC LK MU
MOMO ASML BYND NIO TSM TLRY SPWR JKS UAL
BZUN MSFT TSLA LYFT LRCX AMAT SHOP UAL
AAPL SPLK VICR FSLR NFLX OLED YY SNAP
NTNX BABA WYNN YELP ....
AH news... SNAP Down 10.54%, F Down 9.59%
MTCH Down 8.36%
QCOM reports AH Wednesday, here are the expectations:
Sales Q 4 $4.83 billion, EPS 85 cents
Guidance Q 1 Sales $5.08 billion, EPS 86 cents
Expecting a beat in EPS and in line guidance.
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE shot UP on optimistic interpretation of Corona Virus potential impact in USA, It is a medical story not a disease story which is restricted to China. TSLA has gone ballistic on rewording of its industry affiliation, it is being dubbed as technology / environment play instead of Auto company, thus sky high potential. Nasdaq closed @ new all time high, All major Indices are above 50 DMA now.
BLOG does NOT give buy or sell.
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