FLS Pre-Market Update: Stocks Refuse To Fall… 01/11/2018

Facebook
Twitter
LinkedIn

Market Update: Stocks Refuse To Fall

 
On Wednesday, the market looked ready to start pulling back. At one point, the Dow was down 100 points and then out of nowhere the bullish pixie dust showed up and stocks rallied back and closed in the lower half of the daily range (bullish sign, to see the market open lower and close near its highs for that period). The fact that the market refuses to fall in a meaningful fashion is extremely bullish and bodes well for the market. 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 performing very well. Here is a snapshot of the portfolio as of Wednesday’s close:
 

Positions:

A.    The service owns:  
ADBE +68.43%, 
CAT +54.76%, ISRG +34.41%, RMD +12.10%, 
MNST +13.47%, MELI +23.68%, BABA +6.82%, FB +3.76%, NVDA +9.16%

B. The service will exit: 
ADBE @ 165.47, 
CAT @ 133.71, ISRG @ 359.64, 
RMD @ 81.37, MNST @ 60.04, 
MELI @ 310.94, BABA @164.15, FB @168.97, NVDA 204.91

 
Working Orders:
There are no new working orders today.
 
 

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

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...