FLS Pre-Irma Update: Steady As She Goes… 09/06/2017

Note: Due to the shortened holiday week, this will be our only intra-week update. Additionally, for everyone in Irma’s path, please be extra safe and take this storm seriously.

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Market Update: Steady As She Goes

The market fell hard yesterday as geo-political tensions flared up with North Korea over the long weekend. Stepping back, the bulls still remain in control until the major indices take out Aug’s low. Under the surface, the Russell 2000 and the Transports continue to under-perform while the tech-heavy Nasdaq leads the way higher. As always, I want to see where the market closes on Friday and will have a nice report for you this weekend. 

FLS Portfolio:

The FLS portfolio continues acting well.  Our stops are set and we will let the market guide us. Here is a snapshot of the portfolio as of this writing: 10:07am EST:

Portfolio Update:

The service owns:  ADBE +39.77%, BABA +72.64%, CAT +10.68%, AAPL +1.66%, ISRG +7.10%, NFLX +1.04%, NVDA -0.99%

The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, AAPL @ 151.77, ISRG @945.85, NFLX @165.62, NVDA @157.27

Working Orders:

Disclaimer: 
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice.  Any reproduction or retransmission of any portion of this report without the express written consent of 50 Park Investments is strictly prohibited.