Indices closed UP .43% to 1.68%....NICE !!!!

Indices closed UP.

S&P 500 @ 3334.69, high 3337.58, low 3313.75

RSI @ 62.05

CMF @ 0.117

Internals were :

UP volume led by 3.08 to 1 in NYSE & 2.01 to 1 in Nasdaq

Advancing stocks led by 3.14 to 1 in NYSE & 2.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 328 in NYSE & 148 in Nasdaq

VIX Down 5.61% @ 15.15

Oil @ $50.75

Gold @ $1562.80

Canadian $ @ .6702

Portfolio LSCC LK MRVL QCOM

Stocks which were UP 2% or more included LSCC MRVL QCOM
MU ASML XLNX SPWR JKS UAL AAL PHM QRVO TRIP SU 
IBM X M CNX...

AH news...PTON Down 9.17%, GPRO Down 14.45%

                 TWLO Down 5.87% 

QCOM reported a beat in Sales and EPS, 
Guiding higher in both Sales & EPS
Stock closed Down 1.99% in AH.
Conference call focus shifted to current
Chinese Corona Virus impact on Cell phones
Sales, this has been factored in guidance.

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong from open and closed near high of the day. S&P 500 and Nasdaq made another new closing all time high. Market is getting momentum buying into many stocks while new TSLA took a well deserved pullback. Market is looking well beyond Corona Virus and impeachment is in rear view with congress vote.

BLOG does NOT give buy or sell.

Saleem