FLS Update: Earnings Galore… 04/19/2018

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Market Update: Watch The 50 DMA Line
On Tuesday, the title of this section said, “Watch The 50 DMA Line” and then (like clockwork) the market broke above that important level. Now, the 50 DMA line should serve as near term support as the market continues to make its way through earnings season. As always, I want to see where the market closes tomorrow and will have a longer report this weekend. 
 
FLS Portfolio:
The market action is improving and the service will begin slowly adding risk again. More importantly, the (concentrated) portfolio is acting well. Since our last update, ISRG gapped up nicely after reporting earnings and MELI was sold for a +16.47% gain when the stop was triggered. Here is a snapshot of the FLS portfolio as of Wednesday’s close:
 
 

Positions:



A. The service owns: 
ADBE +108.03%, ISRG +49.40% 

B. The service will exit: 
ADBE @ 201.56, ISRG @ 379.77





Working Orders:
Order Symbol Buy Stop Sell Stop % Change
Open SFLY 84.82 79.79 -5.93%

 



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.

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