Market Update: Earnings Remain In Focus
Once again, the tape is becoming a little split as the Nasdaq/Nasdaq 100 type stocks are pulling back while big money plows into big cap Dow-type stocks. Earnings remain front and center and so far the jury is still out. The reaction has been mixed at best. Apple reports after the close and then scores of other stocks over the next few days/weeks. So far, the market remains very strong and until we see any meaningful selling show up, the bulls remain in control.
FLS Portfolio:
The FLS portfolio continues performing well. The service sold AMZN for breakeven yesterday and will likely buy SHOP based on how it is trading after reporting earnings. Remember, our entry/exit orders are stop orders so that means if the stock gaps up (or down) the stop order automatically because a market order and we are filled at the first available price. So if SHOP opens above our buy order, we will buy it at the market. Here is a snapshot of the portfolio based on Monday’s close:
Portfolio Update:
The service owns: ADBE +31.87%, BABA +58.27%, COH +2.32%, CAT +6.32%
The service will exit: ADBE @ 131.17, BABA @ 137.52, COH @46.07, CAT @107.18
Working Orders:
| Order | Symbol | Buy Stop | Sell Stop | % Change |
| Buy | AAPL | 153.99 | 147.27 | -4.36% |
| Buy | SHOP | 95.51 | 90.97 | -4.75% |
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.
