[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The major indices continue to push higher and are following the script we outlined for you over the past few weeks almost perfectly. The bulls continue to “rotate” from one sector into another and all pullbacks remain shallow in both size (small % decline) and scope (short in duration). The small-cap Russell 2000 index continues to lag its peers in recent sessions but it will be healthy to see it break out and hit new highs as well. Today we saw the U.S. Dollar surge after the ECB said they are going to flood their system with more liquidity over the next few months which means even more EASY MONEY! From where we sit, the easy money trade remains alive and well and that is the primary driver of this entire 6-yr bull market in stocks. Other markets are trading all over the map (currencies and commodities). In the short term, stocks are a little extended so we wouldn’t be surprise to see a little pulback to retest the prior chart highs in the near future (S&P 500 and DJIA) as this uptrend remains strong.
[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]
Thankfully, the FLS portfolio continues acting very well as every stock in the portfolio is profitable.
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
- The service owns: TSLA +21.52%, GDX +0.20%, AAPL +0.32%, NFLX +7.47%, REGN +3.58%, SWKS +5%, XLF +0.60%
- The service will exit: TSLA @ 204.69, GDX @ 19.24, AAPL @ 121.62, NFLX @ 551.97, REGN @ 453, SWKS @ 94.57, XLF @ 24.03
[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 | HACK | 30.47 | 28.69 | -5.84% |
| Working | Buy | MTH | 45.67 | 43.25 | -5.30% |
[/su_table]
