Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2477.57, high 2480.38, low 2466.48

RSI @ 64.97

CMF @ 0.273

Internals were :

Down volume led by 1.48 to 1 in NYSE & 2.11 to 1 in Nasdaq

Declining stocks led by 1.50 to 1 in NYSE & 2.39 to 1 in Nasdaq

Net new 52 wk highs were leading by 77 in NYSE & 2 in Nasdaq

VIX UP 1.88% @ 10.28

Oil @ $49.59

Gold @ $1278.40

AH ER... TSLA  UP 7.42%, OCLR UP 6.24%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

In my portfolio :

Sold SWIR @ $26.90 in AH

Bought OLED @ $120.70 in AH

Earning report from OCLR was a beat on Sales by $1.36 million, EPS was a beat by 3 cents

SWIR was also a beat on Sales by $3.23 million, EPS was a beat by 2 cents, they are buying a company which will cause dilution in SWIR, thus stock down AH by dilution ratio....thus my exit.

About market, TAPE was under selling pressure right after open but managed to cut most of the losses by close.Internals were weak. Dow made a new all time high, while AAPL reached a new high. TAPE is becoming very jittery @ these lofty level, it is important not to overextend in this environment.

BLOG does NOT give buy or sell.

Saleem