[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The major indices continue acting well as they are simply pausing to digest their very strong 2.5-week rally from the 7/7 near-term low. Ideally, we would like to see the S&P 500 form a little “handle” here before jumping out of its 7-month trading range. The Nasdaq Comp & Nasdaq 100 continue to outperform helped by very strong action in a few big stocks. Few recent gap ups include: $UA, $CAKE, $VRX, $FFIV, $CRUS, just to name a few. Earnings continue be released in droves so we have to be patience as the market digests the latest round of earnings data. We will have a full report for you this weekend.
[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]
Thankfully, the FLS portfolio is performing very well considering how the major indices have been acting in recent weeks. Here is a snapshot as of this writing
(Thurs 11:24am EST):
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: TSLA +31.22%, NFLX +34.64%, XLF +2.45%, MTH +1.85%, AMZN +10.25%, REGN +7.31%, UA +11.52%
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The service will exit: TSLA @ 245.77, NFLX @ 97.04,
XLF @24.03, MTH @ 46.05, AMZN @439, REGN @ 521, UA @ 87.09
[su_heading style=”modern-1-dark” size=”18″] Working Buy Orders [/su_heading]
We are comfortable with our current exposure so there are no new buy orders today
