[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
Once again, the bulls showed up and saved the day – helping the S&P 500 bounce almost perfectly off its 150 DMA line on Tuesday. The Fed is scheduled to conclude its 2-day meeting on Wed. Ahead of that, barring some unforeseen event, we do not expect a “BIG” move in the market. We may see some more futzing around up here (no, that’s not a technical term) as the major indices remain range-bound and continue to trade just below their record/multi-year highs. So far, the action remains mostly healthy (the fact that the market refuses to fall/pullback is a bullish sign) and as long as that continues, the market deserves the bullish benefit o the doubt.
[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]
Thankfully, the FLS portfolio continues acting well considering the major averages continue to go nowhere fast. Here is a snapshot as of 3:03 pm EST:
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: TSLA +22.77%, NFLX +15.73%, REGN +3.15%, XLF +1.17%, HACK +4.69%, DPZ +0.41%
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The service will exit: TSLA @ 234.87, NFLX @ 576.13, REGN @ 486.10, 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]
