Indices closed mixed.....

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

Posted in: Mixed