Market Update: Stocks Are Pulling Back
It literally has been decades since nuclear tensions have been this high and the Dow is only down 100 points today. That speaks volumes to how strong the bulls are right now. In a weaker environment, the market would be down (at the very least) a few hundred points. But we deal with the here and now. For now, the market believes cooler heads will prevail and we will not have a nuclear war breakout. So far, the selling is not that intense and the major indices are pulling back from very over bought conditions. If war doesn’t breakout this will most likely turn into another nice buying opportunity. As always, I want to see where the market closes tomorrow and I will have a full report for you this weekend.
FLS Portfolio:
The FLS portfolio continues acting well. The good news for us is that our stops are in and we have done very well this year so time is on our side. Here is a snapshot of the portfolio as of this writing (10:35am EST):
Portfolio Update:
The service owns:
ADBE +32.07%, BABA +57.99%, CAT +5.97%, AAPL –0.07%, TSLA +2.39%
The service will exit: ADBE @ 131.17, BABA @ 137.52, CAT @107.18, AAPL @ 151.77, TSLA @ 342.74
Working Orders:
| Order | Symbol | Buy Stop | Sell Stop | % Change |
| Buy | NFLX | 185.07 | 174.07 | -5.94% |
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.
