[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
Put simply, the tape remains exceptionally split. The major indices are under a little pressure as they gave back most of this week’s gains and all turned negative for the week except for the small-cap Russell 2000. The Dow industrials is on track for its 3rd weekly decline and the fact that it broke below its 50 DMA line is not healthy in the near term. The benchmark S&P 500 index sliced below its 50 DMA line (as of this writing) and is on track for its second weekly decline. The Nasdaq composite and Nasdaq 100 are both above their respective 50 DMA lines. The transports continue to woefully under-perform which is not a healthy sign for main st or wall st. Bonds and other interest rate sensitive areas of the market ($IYR, $XLU, etc) are also getting hit pretty hard. All eyes will be on the jobs report tomorrow and more importantly we want to see how the market reacts to the number. 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 continues acting well.
Here is a snapshot of the portfolio as of 12:47 pm EST:
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: TSLA +21.06%, AAPL -0.17%, NFLX +8.45%,
REGN +6.19%, SWKS +6.50%, XLF -0.60%, HACK +1.38% -
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]
[su_table]
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk from Entry |
| Working | BUY | AMZN | 439 | 414.55 | -5.57% |
| Working | BUY | DPZ | 111.43 | 105.14 | -5.64% |
| Working | BUY | MTH | 46.05 | 43.13 | -6.34% |
[/su_table]
