Market Update: Stocks Are Strong
I’m going to keep this update short and to the point. The market remains very strong as the tech-heavy Nasdaq composite and Nasdaq 100 continue to lead the way higher. For now, earnings remain front and center, tomorrow is the Fed meeting then Friday is the always fun jobs report. Until we see any meaningful selling, weakness should be bought, not sold. I do want to note that the market is getting a little extended here and a nice little pullback would be great. This Thursday night Mike (CYT) and I will be hosting a webinar and you are all invited.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well! The service added AAPL and HA yesterday and today. Here is a snap shot of the portfolio as of Tuesday’s close:
The service owns: ICE +5.32%, ADBE +21.52%, BABA +20.62%, SPY 0.90%, AXP -1.17%, AAPL +1.73%, HA -0.13%
The service will exit: ICE @58.75, ADBE @ 124.37, BABA @ 106.41, SPY @ 231.47, AXP @ 78.64, AAPL @ 140.73, HA @ 52.74
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | CELG | 126.55 | 121.61 | -3.90% |
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.
