LiveRocket Week 16 Performance Up 0.3%

The market did great, we did ok. The key this week was pullbacks in oil service/equipment companies and TIE. We live and die by oil services/equipment. And with good reason: SLB is up 63%, and that is a great indicator of this group. Nevertheless, that sector pulled back 3%+ this week.

We had 5 companies hit new 52 week highs



HIGH TECH
AMX – Another 2% move up and another 52 week high.
CTSH – Up 1%. No real news.
NUAN – Up 1.5% and they hit a new 52 week high this week.
PWR – Up 3.5% on some significant volatility. They also hit a new 52 week high.
TRID– Up 2%. Interestingly, PXLW (-2.5%) and GNSS (-1.6%) were both down. PXLW and GNSS were both being pushed recently as competitors to TRID. Sounds like the spin-meisters who drove up PXLW/GNSS and drove down TRID are retreating fast in the face of the imminenet earnings releases.
UCTT – Up 4.8% and hit a new 52 week high. They have a lot of momentum: they hit the $19.5 number 3 days this week, pulling back each time.

OIL SERVICES/EQUIPMENT
ATW – Down 3%, cancelling last week's rise. It hit a 52 week high last week, so a pullback is ok.
CLB – Down 3%
ESV – Down 3.7%
MDR – Flat. They are 4% off their 52 week high.

BIOTECH
DIGE – Up 1.2%. Theh Biosite deal is hanging over them
HOLX – Down 1%. Second down week in a row.
IMA – Down 4.3% because of the lingering Biosite bid.

OTHER
KSU – Up 3.7% and hit a new high.
OCN – Up 3.5%. No news.
PCP – Flat.
TIE – Down 1%. I am, sadly, getting close to walking away.