• Market Insight

FLS Pre-Market Update: Central Bank Week… 12/12/2017

Facebook
Twitter
LinkedIn
Note: Adam will be traveling this week (speaking at the CTAExpo in Miami) and, unless the market action changes dramatically, this will be our only intra-week update.
 
 
 
 

Market Update: Stocks Are Strong; Watch The Fed

 
The market continues acting very well. This is a big week for global central banks and barring a large unforeseen sell-off, the market remains very strong. Last week I wrote, “Remember, one of the hallmarks of a strong market is to see it open lower and close higher. On a monthly chart, the major indices are “down” right now but I wouldn’t be surprised to see them finish “up.” Remember, December, is usually a strong month for stocks.” Not surprisingly, the major indices turned positive for the month and will likely  continue to grind higher as we enter the holiday season.
 
 

Blockchain Update:

 
Bitcoin futures started trading on Sunday. I like blockchain, but buying bitcoin up here is not prudent. For those of you who want to invest in the space, I will have more information ready for you in January. It feels like, every week, a new ICO (initial-coin-offering) reaches out to me looking for an investment. I have my team do their due diligence and then only pass the credible ones to me for a final review. As with anything, there is a high risk associated with digital currencies. Time is on our side because if this is a fad we don’t want to be involved. If blockchain is indeed a paradigm shift, and will change the world, etc.etc. we will have done our due diligence and will be involved in the next bitcoin, early. 
 
 

FLS Portfolio:

 
The FLS portfolio continues acting well. On Monday, the service bought TSLA and is happy with its current exposure. Currently, the service is sitting on lofty gains and the protective stops were recently moved up to protect our positions. Here is a snapshot of the portfolio as of Monday’s close:
 

Positions:

The service owns:  ADBE +56.91%, CAT +34.14%, ISRG +18.48%, RMD +11.25%, MNST +12.31%, MELI +5.19%, BABA +0.91%, TSLA +2.75%

The service will exit: ADBE @ 164.32, CAT @ 133.57, ISRG @ 349.57, RMD @ 81.37, MNST @ 56.04, MELI @ 257.96, BABA @164.15, TSLA @304.65
 
 
Working Orders:
 
Order Symbol Buy Stop Sell Stop % Change
BUY NVDA 200.4 190.97 -4.71%
 

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.

Facebook
Twitter
LinkedIn

Here are more articles you may like
Picture of Adam Sarhan

Adam Sarhan

Host Of The #SmartMoneyCircle Podcast, Founder and CEO of 50 Park Investments. Adam provides weekly market updates to ChartYourTrade.com readers. He is a FORBES Contributor and is a frequent guest on all the major financial media outlets.

Claim Your Free Guide Today

Give us your email and we will give you the tools to change your life. 

FREE 7 DAY EMAIL COURSE

Learn about Early Entry Points & much more...