For 38 weeks in a row – straight weeks, since Donald Trump was elected the 45th U.S. President the market has been in a bullish trend. That is it has been around 269 days of relentless bull (a very, very mature bull market though – it is a eight year old bull market!!).
Many people got left out, because they predicted the market collapse. The market is a leading indicator of the overall health of the economy of the USA
S@P gained around 18%
DOW gained around 21%
NASDAQ gained around 23%
41 times DOW hit new highs!! 41 times!
Monday August 21, 2017 is a coast to caost solar eclipse and some people as usual are predicting dire straits for USA. They may or may not be right. But as of today USA is doing great!!
But for the naysayers, here is some good news too…
Electronics for Imaging – EFII, collapsed 41% in thousands of times more volume than average. This might be a time to time to buy Put Options. Remember Enron accounting irregularities! – Thursday was quarterly results and they failed to release it , citing issues over revenue recognition!!
Applied Optoelectronics – AAOI, plummeted 27%. The maker of optical-communications devices forecast current-quarter revenue that was well below estimates. Before Friday’s drop, Applied had best-possible IBD ratings. Its fiber optics industry group was ranked No. 1 of 197.
Trivago- TRVG, collapsed 18% to a three-month low after the travel-booking company reported loss in the quarter.
Impinj- PI, skidded 23% in more than seven times its usual volume. The tracking-chip company beat Q2 sales and earnings views, but gave a soft outlook.