• Market Insight

FLS Update: Easy Money Reigns Supreme…For Now 03/29/2016

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​​​​​​Market Update:​
The bulls remain in clear control of this market. The clear theme since the Feb 11th low is that, for now, easy money reigns supreme. Dr. Yellen spoke today and largely reiterated her recent easy money stance. A few other Fed officials have taken a slightly more hawkish stance in recent days but here comments today made it abundantly clear who’s in charge. The USD immediately fell and stocks and a slew of commodities immediately rallied.  This has been the primary theme since the Feb 11th low. Thursday is the last day of the month and quarter. On Friday we have the always fun Jobs report then we enter earnings season. Those are the major catalysts ahead of us right now. So far we continue to see virtually no selling in the market and the very strong underlying bid remains alive and well. For now, that’s bullish for stocks. Additionally, the market has been trading in a very quiet range over the past 11 days which is also bullish after a big rally. This has been a VERY difficult quarter for most people on Wall Street. Thankfully, we navigated it relatively well and are looking forward to what the rest of the year will bring. 
 
 
 
FLS Portfolio
We recently raised our protective stop and are comfortable with our exposure. 

As of this writing, 1:56pm EST,

 
A. The service owns: QQQ +8.86%
B. The service will exit: QQQ @ 105.74
 
Working Orders:
There are no new 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.

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Adam Sarhan

Host Of The #SmartMoneyCircle Podcast, Founder and CEO of 50 Park Investments. Adam provides weekly market updates to ChartYourTrade.com readers. He is a FORBES Contributor and is a frequent guest on all the major financial media outlets.

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