Latest Forbes Articles:
- 3rd Post Popular Investing Article on Forbes.comToday:
Mark Cuban Tells Trump How To Invest In Infrastructure And It’s Not What You Think – Read Here - Billionaire Ray Dalio Has One Question For Trump – Read Here
Market Update:
The Dow Jones Industrial Average came within 13 points of hitting 20k. At this point, it appears to be a question of “when” not “if” the Dow hits 20k. But, the more important question to ask is: will the Dow be able to stay above 20k? At this point, the market continues to give President-Elect Trump the bullish benefit of the doubt and continues to shrug off bearish news (yesterday’s horrific terror attacks in Turkey and Germany, and the geopolitical tension over the weekend between the U.S. & China). So far so good and that illustrates the bulls are clearly in control. This is the last full trading week of the year and data should be light (except for Thursday). After the bell today, FedEx (FDX) and Nike (NKE) are scheduled to report earnings and until we see a meaningful sell-off the bulls are in clear control. I’d be remiss not to note that the market is VERY extended up here and due to pullback.
FLS Portfolio:
Thankfully, the FLS portfolio is acting very well. As of this writing, 3:52 pm EST,
- The service owns: SMH +23.51%, MU +14.88%, CME +5.88%
B. The service will exit: SMH @ 67.37, MU 18.16, CME 117.08
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | AMZN | 792.4 | 757.2 | -4.44% |
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.
