Note: Due to the shortened holiday week, this will be our only intra-week update
Market Update: Stocks Are Very Strong
Today is the last trading day of the month and unless we see a massive sell-off (doubtful), May will be another positive month for equities. The market remains extremely strong as it simply refuses to pullback after a very strong run. Remember, there are only two ways a market can consolidate a big move: 1. Pullback. 2. Move sideways. Right now, the latter is occurring and that is the stronger of the two scenarios. Until we see any signs of weakness (big selling), the market remains exceptionally strong.
Few Leaders & Setups:
AMZN topped 1,000 a share yesterday, remains extended, and it looks like Google will be next.
Here a few setups with early entry points:
TTD, AA, LEN, AXTA, DECK, RSG, BRO, BWA, HPQ, SSNC, SWK, FDX, PH, FRC, ADP, DHR, EMN, BA, WHR, CONN, COST, TXN, AAPL, FB
Few Recent Breakouts:
FSLR, MU, TSLA, MMM, ESLT, BDX, ATHN, RRGB, NFLX, SRE,
FLS Portfolio:
The FLS portfolio continues acting very well! Ridding winners and occasionally taking mall losses, are the key to long-term success on Wall Street. The service bought FB on Tuesday. Here is a snap shot of the portfolio as of Tuesday’s close:
The service owns:
ADBE +28.19%, BABA +26.57%, AAPL +5.98%, GLW 0.07%, COH 0.0%, FB -0.15%
The service will exit: ADBE @ 130.67, BABA @ 113.97 AAPL @ 148.77, GLW @ 27.64 COH @43.57, FB @145.27
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | HLF | 73.62 | 69.97 | -4.96% |
Disclaimer:
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice. Any reproduction or retransmission of any portion of this report without the express written consent of 50 Park Investments is strictly prohibited.
