FLS Pre-Market Update: When A Market Doesn’t Fall… 09/12/2017

Note: I was invited to Chair a conference in Chicago for Institutional Investors Wed-Friday- So, unless market conditions change substantially, this will be our only intra-week update. 

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Market Update: Bulls Are In Control

The market had every reason in the world to fall, and fall hard, over the past several months. Instead of falling, it moved sideways and the action over the past few weeks has been very strong. The big rally we saw yesterday echos our weekend report and bodes well for the bulls. Stepping back, the bulls remain in clear control until Aug’s lows are breached. Thankfully, we did not get stopped out over the summer and move to cash like so many other people did. We are in a very strong position and have enjoyed a very strong year. The market wants to rally and I am not about to get in its way. 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 continues acting very well.  Our stops are set and we will let the market guide us. Here is a snapshot of the portfolio as of Monday’s close:

Portfolio Update:

The service owns:  
ADBE +41.21%, BABA +77.79%, CAT +10.91%, AAPL +1.37%, ISRG +10.53%, NFLX +5.33%, NVDA +0.97%

The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, AAPL @ 151.77, ISRG @945.85, NFLX @165.62, NVDA @157.27

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.