Housekeeping:
Our weekend report is attached because some people received it twice and some people did not receive it. Find Leading Stocks Report 02.13.17
Market Update:
The market remains exceptionally strong and we continue to believe that we are entering a climax/blow off top similar to what we experienced in 1999-2000 or 1928-1929. The market continues to dismiss nearly everything that is happening in the world and greed has taken over. We continue to take it day by day and are open to any scenario that plays out. In the short term, the market is very extended to the upside and a nice light pullback would do wonders to restore the health of this market. Yellen is set to testify today and we have to expect a slightly hawkish tone from her.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well. We will look to add more risk after the next pullback. Here is a snap shot of the portfolio as of Tuesday’s close:
- The service owns: ICE +2.55%, ADBE +5.91%,
BABA +5.31%, NVDA +1.38%, HACK +3.66%, EBAY +2.83%, IWM +0.54%
- The service will exit: ICE @56.57, ADBE @ 111.09,
BABA @ 97.9, NVDA @ 107.71, HACK @28.38, EBAY @32.86, IWM @ 137.56
Working Orders:
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 Sarhan Capital is strictly prohibited.
