Market Update: Great Mini Rotation Continues
Over the last few weeks we have seen a lot of money rotate out of high beta Nasdaq type stocks and into undervalued sectors of the market (Russell 2000, Transports, & Commodities, just to name a few). This is perfectly “normal” action and something that I call the great mini-rotation. Separately, the fact that the market is not down big on the N. Korea news is a bullish sign. Remember, it’s not the news that matters – but how the market reacts to the news.
FLS Portfolio:
The FLS portfolio is pulling back as leading stocks remain under pressure. The service sold AMZN for a small 4.20% loss and recently moved the protective stops higher so our portfolio is protected. Here is a snapshot of the portfolio as of Monday’s close:
Portfolio Update:
The service owns:
ADBE +30.14%, BABA +73.23%, CAT +15.99%, ISRG +7.56%, NFLX +3.48%, NVDA +2.16%
The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, ISRG @945.85, NFLX @165.62, NVDA @167.38
Working Orders:
There are no new working orders right now.
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 edutational 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.
