Housekeeping:
If you have any ideas on how to improve the service, or if there is anything you want us to add/remove, please reply to this email. We received a lot of great feedback and are working on implementing those changes soon.
Market Update:
Not much changed from our Tuesday update where we said the market was finally pulling back after being — very, very, extended to the upside. So far, this is perfectly healthy and “normal” after such a big rally. The Nasdaq 100 (QQQ) has only had 2 down weeks (this is the third) since the first week of Dec! That’s why it is perfectly normal to see the market pullback a bit at this point. For now, it appears that last Wednesday’s post Trump speech pop was a near term high (near term resistance to watch). On the downside, the Dow Jones Industrial Average, Nasdaq Composite, & the S&P 500 closed below their respective short term 10 day moving average lines yesterday. That means the next level to watch is the 21 DMA, then the more important 50 DMA line. As always, we want to see where the market closes tomorrow and will have a full report for you this weekend.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well. The service will add more risk after this pullback runs its course. Here is a snap shot of the portfolio as of Wed’s close:The
The service owns: ICE +3.18%, ADBE +7.66%, BABA +5.43%, HACK +0.42%, EBAY +1.40%
The service will exit: ICE @ 56.57, ADBE @ 111.09, BABA @ 97.9, HACK @ 28.38, EBAY @ 32.86
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | HAS | 99.34 | 93.78 | -5.60% |
| Open | Buy | UAL | 76.66 | 73.66 | -3.91% |
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.
