Market Update:
The bulls showed up after a short and healthy hiatus and regained control as we make our way through earnings season. The Nasdaq and Nasdaq 100 continue to lead the way higher. While the Dow & S&P 500 continue acting very well. The Russell 2000, financials, materials, transports and many other important areas of the market are bouncing nicely today after a normal (and healthy) pullback into their respective 50 DMA lines. As long as this action continues, odds favor we are headed much higher from here.
FLS Portfolio:
Thankfully, the FLS portfolio is acting very well. The service added: ADBE, BABA and NVDA over the past two days and will now raise our exits whenever possible to protect our positions. Here is a snapshot of the portfolio as of this writing, 3:45pm EST:
- The service owns:ICE -0.12%, IYT +1.34%, ADBE +2.48%,
BABA +3.88%, NVDA 0.36%
B. The service will exit: ICE @55.7, IYT @ 165.01, ADBE @ 111.09,
BABA @ 97, NVDA @ 101.52
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | BUY | HACK | 28.23 | 27.27 | -3.40% |
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 Sarhan Capital is strictly prohibited.
