Happy Holidays!
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The market is still under pressure and there remains a lot of technical damage that needs to be repaired. The major indices are still below their respective 50 DMA lines. The Dow Industrials lost over 700 points in the past two weeks and is now bouncing from deeply oversold levels. So far, the bounce looks anemic at best and the bulls need to see more buying before they can regain control of this market. We want to see where markets close on Thursday and, as always, will have a full report for you this weekend.
[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]
FLS is happy with its current exposure and is ready to buy if Santa visits Wall Street. Otherwise, if the market falls from here we are out and comfortable.
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
A. The service owns: AMZN +23.38%, MSFT +0.49%
B. The service will exit: AMZN @ 620.31, MSFT @ 52.47
[su_heading style=”modern-1-dark” size=”18″] Working Buy Orders [/su_heading]
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | FB | 107.98 | 98.62 | -8.67% |
| Open | Buy | SPY | 211.72 | 201.93 | -4.62% |
