FLS Update: Dalio Is Reading This Report… 01/23/2018

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Market Update: Dalio’s Reading FLS

 
Earlier today, Ray Dalio, the largest hedge fund manager in the world, told CNBC at Davos that he expects the stock market to rip higher and enter a climax run. 
 
Interesting, because that is exactly what I wrote in last week’s report. Good to see someone is reading this and that Mr. Dalio agrees with me… Last week I wrote, “It doesn’t take a genius to figure out the market is super extended up here. In fact, some technical readings show that this is the most overbought market we have seen in decades, if not in history. The fact that the market has gone straight up leads me to believe that we are in the late stages of this bull market. Normally, based on how this market has been trading, I wouldn’t be surprised to see a climax run develop sometime in the near future, before it tops out. During a climax run, the market could easily shoot up another 40 or 50% in a short time before topping out. We are not there yet, I just want to share what I’m seeing with you because no one out there is cautious right now. Remember, bull markets end when everyone/everything (all the news) is super bullish. It just feels like everyone is bullish right now and we all know what happens when a trade gets too crowded (there’s no one left to buy).For now, the first level of support is the 50 DMA line for the major averages.” 
 
To be clear, in the short-term the market is very extended and due to pullback. The intermediate and long-term outlook remain bullish. 
 

FLS Portfolio:

 
The FLS portfolio continues performing very well. Today’s big gifts are RMD and NFLX! Here is a snapshot of the portfolio as of this writing, 9:57am on Tuesday:
 

Positions:

A.    The service owns:  
ADBE +80.64%, 
CAT +59.13%, ISRG +37.53%, RMD +28.56%, 
MNST +21.54%, MELI +28.76%, BABA +5.67%, FB +3.42%, NVDA +15.56%

B. The service will exit: 
ADBE @ 165.47, 
CAT @ 133.71, ISRG @ 359.64, 
RMD @ 81.37, MNST @ 60.04, 
MELI @ 310.94, BABA @164.15, FB @168.97, NVDA 204.91

 

Working Orders:

 
There are no new working orders today.
 
 
 

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.

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