[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The market remains very strong as the major indices are simply pulling back to digest a very strong 2-week rally. The Nasdaq Comp & Nasdaq 100 continue to outperform helped by very strong action in big cap tech stocks ($NFLX, $GOOGL, $REGN, $AAPL, $FB, $CELG, just to name a few). Apple, Yahoo and Microsoft are slated to released their results and of course we have hundreds more lined up over the next few weeks. So far the market continues acting very well and is simply pausing to digest its very strong 2-week rally from the 7/7 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.
[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. The service sold FEYE yesterday for a small single digit loss. Here is a snapshot as of this writing
(Tues 3:44pm EST):
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
- The service owns: TSLA +30.98%, NFLX +36.55%, XLF +2.17%, MTH +2.19%, AMZN +11.06%, REGN +7.89%, UA +1.65%
- The service will exit: TSLA @ 245.77, NFLX @ 97.04, XLF @24.03, MTH @ 46.05, AMZN @439, REGN @ 521, UA @ 83.65
[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
