FLS Playbook Update: Bulls Remain In Control… 06.02.15

[su_heading style=”modern-2-dark” size=”20″] Housekeeping [/su_heading]

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[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]

The major indexes remain very strong as all the major averages remain perched near their respective 2015 and record highs. Earlier today, stocks rallied after news spread that yet another deal will get down to kick the can down the road and avoid an imminent Greek default. The euro rallied sharply on the news and the USD fell. The falling USD helped a slew of dollar-denominated commodities rally. Technically, the bulls showed up and defended the 50 DMA line for the Dow Industrials, S&P 500, today (attached). The small-cap Russell 2000 jumped back above its 50 DMA line which is a “healthy” sign ahead of this week’s jobs report. The Nasdaq composite and Nasdaq 100 continue to outperform on a relative basis. The one area that continues to woefully underperform are the Transports. It will be very healthy to see the major indices breakout and hit new highs this week. Of course, we have at always fun jobs report on Friday but barring a large sell-off, suffice it to say, the bulls remain in control of the market right now.

[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]

Thankfully, the FLS portfolio continues acting well.
Here is a snapshot of the portfolio as of 1:29 pm EST:

[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]

1. The service owns:  TSLA +21.65%, AAPL +0.33%, NFLX +8.54%, 
   REGN +5.22%, SWKS +8.83%, XLF -0.56%, HACK +0.20%

2. The service will exit:  TSLA @ 234.87,  AAPL @ 128.26, NFLX @ 576.13, 
   REGN @ 486.10, SWKS @ 99.57, XLF @24.03, HACK @ 28.69

[su_heading style=”modern-1-dark” size=”18″] Working Buy Orders [/su_heading]

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