Housekeeping:
Due to an unexpected trip, this will be our only intra-week update this week (unless, of course, market conditions change dramatically)
Market Update:
The market remains in very good shape as it simply refuses to fall in any big way. This is exactly how a healthy bull market is supposed to act. We also want to note that we are seeing a lot of buying into gold metals and that is an area that is of particular interest to us in the weeks ahead (if it continues acting well). As always, we want to see where the market closes on Friday and will have a full report for you this weekend.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well. We have received quiet a few questions on NVDA. The stock reports earnings on Thursday. Since we have a decent cushion, made a lot of money on it over the past year, and already raised our stop to above break even, we are going to hold on to it into earnings. Here is a snap shot of the portfolio as of Tuesday’s close:
- The service owns: ICE +4.12%, ADBE +3.48%,
BABA +2.99%, NVDA +11.44%, HACK +1.69%
- The service will exit: ICE @56.57, ADBE @ 111.09,
BABA @ 97.9, NVDA @ 107.71, HACK 27.27
Working Orders:
| Status | Order | Ticker | Buy Stop | Protective Sell Stop | Risk From Entry |
| Open | Buy | EBAY | 32.86 | 31.26 | -4.87% |
| Open | Buy | IWM | 137.56 | 134.92 | -1.92% |
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.
