[su_heading style=”modern-2-dark” size=”20″] Market Update[/su_heading]
The major averages continue to go nowhere fast as the latest round of economic and earnings data continues to be released. The major averages are trading near their respective highs as investors are trying to make heads or tails with the latest data and -more importantly – what The Fed will do at their June meeting. We believe that the Fed will do nothing (keep rates near zero) until the market (or the economy) forces their hand. The Small-Cap Russell 2000 index continues to outperform its peers, followed by the Nasdaq 100 and the Nasdaq Composite. The S&P 500 and DJIA are perched below resistance of their latest multi-month bases. Until either support or resistance is broken we have to expect this sloppy sideways action to continue. I attached a nice earnings calender courtesy of Benzinga.com.
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: MTH +21.98%, FB +1.79%, SPY +1.25%, TSLA +2.22%,
HACK +4.92%, IBB +3.22%, GDX – 0.75% -
The service will exit: MTH @ 45.11, FB @ 78.42, SPY @ 203.87, TSLA @ 193.97,
HACK @ 27.49, IBB @ 333.57, GDX @ 19.24
[su_table]
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Working | Buy | AAPL | 130.38 | 125.66 | -3.62% |
[/su_table]
