Market Update: Stocks Are Strong
Last Wednesday, the market fell on very heavy volume and is rallying back on lighter volume. Normally, that is a worrisome sign because it is a subtle, but important, sign that the there are more sellers than buyers in the market right now. But “normal” market analysis doesn’t work in this environment and we have to be very cognizant of the fact that price is primary and everything else – including volume – is secondary. For us, the fact that the bulls immediately showed up and quelled any further bearish action is impressive considering how far along we are in this bull run. Underneath the surface, the action still remains healthy and we are seeing a good number of breakouts/ new setups emerge: MNST, EBAY, ADBE, BABA, AMZN, NFLX, INTU, COH, GOOGL, AAPL, GLW, ISRG, BDX, FDX, ROP, CAT, LMT, MAR, (in no particular order) and that is just a few of the very strong stocks I’m seeing in the market right now. Put simply, until I see any big selling, the market continues to deserve the bullish benefit of the doubt.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well! The service added COH on Monday. Ridding winners and occasionally taking mall losses, are the key to long-term success on Wall Street. Here is a snap shot of the portfolio as of Tuesday’s close:The
The service owns: ADBE +25.59%, BABA +25.57%, AAPL +6.07%, GLW -0.41%, COH -0.13%
The service will exit: ADBE @ 127.77, BABA @ 108.74, AAPL @ 143.04, GLW @ 27.64, COH @ 43.57
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | JNPR | 30.97 | 29.4 | -5.07% |
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.
