[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The big theme is that the primary driver of this very strong 6.5 year bull market remains alive and well (Easy Money from the Fed and other Central Banks). The market is following our script almost perfectly. In our Tuesday update we said the Fed will most likely do nothing and thought the market may turn higher and rally by week-end. The Fed did “nothing” and stocks are up nicely for the week. The Fed remains “data-dependent” (shocker, I know) and barring a large unforeseen sell-off tomorrow the market is on track to close higher for the week. The Nadsaq composite broke and hit a new record high (above its 2,000 high) and the small-cap Russell 2000 index also broke out and hit a fresh record high. The S&P 500 and Dow Jones Industrial Average rallied nicely today and both jumped back above their respective 50 DMA lines. The biotech ETF $IBB broke out to day which is healthy for the major indices. The action remains “healthy” and once again pullbacks should be bought, not sold. As always, 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 continues acting well. Here is a snapshot as of 3:31 pm EST:
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
-
The service owns: TSLA +27.77%, NFLX +15.22%, XLF +1.69%, HACK +10.44%, DPZ +1.31%
-
The service will exit: TSLA @ 234.87, NFLX @ 576.13, XLF @24.03, HACK @ 28.69, DPZ @ 105.14
[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 | MTH | 46.05 | 43.13 | -6.34% |
[/su_table]
