Market Update: Turn Down For What?
On Tuesday, I wrote, “The stock market remains very strong! Good headline, buy! Bad headline, buy more! The market refuses to fall and continues to shrug off every headline (good or bad) that is released. That is a textbook definition of a bull market. The textbook definition of a bear market is the exact opposite. At this point, the jobs report is slated to be released before Friday’s open followed by earnings season. Barring some unforeseen negative external event, I don’t expect big moves in either direction until we enter earnings season (next few weeks).” Since then, the market continued to grind higher and looks very strong ahead of tomorrow’s jobs report. As always, I want to see where the market closes on Friday and will have a full report for you this weekend.
FLS Portfolio:
The FLS portfolio is continues acting well. Here is a snapshot of the portfolio as of Wed’s close:
Portfolio Update:
The service owns:
ADBE +33.18%, BABA +82.54%, CAT +18.25%, ISRG +14.70%, NFLX +6.90%, NVDA +8.06%, RMD -0.55%
The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, ISRG @945.85, NFLX @165.62, NVDA @167.38, RMD @75.17
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.
