Market Update: That Was Fast
In Tuesday’s pre-market update I said the market was most likely to shrug off the North Korea missile (based on how Asian markets closed). Like clockwork, the market turned higher shortly after the opened and hasn’t looked back. As mentioned in our weekend report, last week’s low is important near-term support. If that level is breached, the S&P 500 and Nasdaq will likely test their longer term 200 DMA lines. Until that happens, the bulls remain in control. As always, I want to see where the market closes tomorrow and will have a full report for you this weekend.
FLS Portfolio:
The FLS portfolio continues acting well. The service bought NFLX perfectly yesterday as it bounced off the 50 DMA line. Here is a snapshot of the portfolio as of Wednesday’s close:
Portfolio Update:
The service owns: ADBE +38.33%, BABA +74.92%, CAT +9.68%, AAPL +2.53%, ISRG +5.31%, NFLX +1.24
The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, AAPL @ 151.77, ISRG @945.85, NFLX 165.62
Working Orders:
| Order | Symbol | Buy Stop | Sell Stop | % Change |
| Buy | AMZN | 996.38 | 954.56 | -4.20% |
| Buy | NVDA | 167.38 | 157.27 | -6.04% |
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
