Market Update: Stocks Are Strong
The stock market remains exceptionally strong. The recent action supports what we have been telling you over the past few months: “The fact that the market simply refuses to fall – in a meaningful fashion – even as other markets crumble and all the geo-political headlines we are seeing on a weekly basis speaks volumes to how strong the bulls are right now.” The market continues to shrug off all bearish headlines and that is why we care about how the market reacts to the news, not the news itself. In a weaker tape the market would plunge on just one of the disconcerting headline we have seen in recent months. Remember, that’s exactly how markets work, it’s the reaction to the news that matters. The S&P 500 and Nasdaq hit fresh highs on Monday and commodities are trying to rebound a little. That is a net positive for stocks. To be clear, until the market cracks, there is no point in fighting this exceptionally strong tape.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well! The service added GLW yesterday and will add JNPR as a new working order today. Here is a snap shot of the portfolio as of yesterday’s close:The
The service owns: ADBE +23.86%, BABA +24.00%, SPY +1.56%, AAPL +7.38%, GLW +0.10%
The service will exit: ADBE @ 127.77 BABA @ 108.74, SPY @ 236.62, AAPL @ 143.04, GLW @ 27.64
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | COH | 46.07 | 43.57 | -5.43% |
| Open | Buy | JNPR | 30.97 | 29.4 | -5.07% |
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.
