Indices closed mixed.
S&P 500 @ 2472.15, low 2468.85, high 2476.03
RSI @ 60.32
CMF @ 0.307
Internals were :
Down volume led by 1.54 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 0 in Nasdaq
VIX UP 1.56% @ 10.44
Oil @ $49.03
Gold @ $1274.40
AH ER....AAOI Down 27.55%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
OLED ER was a beat on Sales $87.01 million estimate, Actual $102.5 million a beat by $15.4 million. EPS expected 72 cents, actual 99 cents, a beat by 27 cents. OLED also guiding
2017 Sales higher to $293 million vs $288.1 million expected......all this had no impact on AH price?
About market, TAPE was sloppy today, only Dow was green and made another new all time high.Nasdaq and S&P 500 were red whole day.Internals were weak. TAPE is showing fatigue and need to mark time or go down to catch its breadth. Good result from OCLR produced minimal 3.94% gain, while it was UP 12%++ earlier. Jobs report @ 830, in a weak TAPE it may become a factor. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
I thought the action today was pretty poor also. If not a function of a pause ahead of the jobs report tomorrow, it could be the sign of a pullback. When great earnings go so ignored, the tape is definitely tired.
Stocktrader
Hi Saleem,
Bought APPN @ 19.44
Despite being very expensive, the earnings and guidance were great and this company is right at the forefront of the new business methods.
Stocktrader
Hi Stocktrader,
Good luck with APPN....
Saleem
Hi Stocktrader,
Swapped 60% SPWR @ $9.26
Added 30% OCLR @ $8.73
Saleem
Hi Saleem,
Good luck with the swap--been a tough week for some stocks...
Stocktrader
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