Market Update:
Stocks remain in very good shape as the bulls refuse to let the market pullback. This was a busy week for the market and so far, so good. Stocks rallied nicely after the Fed raised rates yesterday and appears, for the first time since before 2008 Financial Crisis, to be back in the driver’s seat. Of course, that could change if the stock market drops 5-10%. Because they backed off the last few times the market “dipped.” We’ll see what happens to their rhetoric when the market declines in a meaningful fashion. It was a busy week for Central Banks with nearly all of them still dovish. As always, we want to see where the market closes tomorrow and will have a full report for you this weekend.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well. The service bought HAS yesterday and will look to add more risk over the weekend. Here is a snap shot of the portfolio as of this writing (6:02pm EST):
The service owns: ICE +6.93%, ADBE +14.32%, BABA +7.90%, ICE -0.10%
The service will exit: ICE @ 56.57, ADBE @ 111.09, BABA @ 97.9, HAS @ 93.78
Working Orders:
There are no 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 Sarhan Capital is strictly prohibited.
