Housekeeping:
During Shortened Holiday Weeks, One Intra-Week Update Will Be Published (Not Two)
Market Update:
The bulls remain in clear control as any and all selling in the market remains short lived and is met by a lot of buying. Last week was a “down” week and the market had every chance in the world to fall- instead it rallied and is on track to rally sharply. We want to see where the market closes on Friday and, as always, we’ll have a full report for you this weekend.
FLS Portfolio:
Thankfully, the FLS portfolio is acting very well. The service sold SMH yesterday and locked in a nice +21.77% gain. Earlier today, the service added DE as it jumped above the entry point. The service is also changing the working orders. The updated info is below. As of the close:
A. The service owns: MU +22.19%, DE +0.85%
B. The service will exit: MU @ 21.74, DE 99.97
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | RS | 82.95 | 79.47 | -4.20% |
| Open | Buy | ICE | 57.56 | 55.7 | -3.23% |
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.
