[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The major indices bounced off support earlier this week and remain range-bound as earnings continue to be released in droves. Tomorrow is the last day of the month and we don’t usually see a huge move on the last trading day of the month, quarter or year. Looking at the major averages – until either support or resistance is breached -we have to expect this sloppy sideways action to continue. Stepping back, the tape remains very split and the fact that the major indices remain only a few percentage points below their record highs – bodes well for this aging bull market (because only a few good days will send them above resistance and into new high ground). We want to see where the market closes tomorrow and 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 well considering how the major indices have been acting in recent weeks. Here is a snapshot as of Thur’s close:
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: TSLA +30.34%, XLF +1.69%, AMZN +22.27%, REGN +5.01%, UA +13.96%
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The service will exit: TSLA @ 245.77, XLF @24.03, AMZN @482, REGN @ 521, UA @ 92.77
[su_heading style=”modern-1-dark” size=”18″] Working Buy Orders [/su_heading]
There are no new buy orders today
