Market Update:
The market is remains very strong as it simply refuses to fall. I’m a big fan of filtering out all the noise and focusing on price action to make sense of the market at any given time. For now, sellers are no where to be found and that simple tells you that – odds favor- the market wants to rally from here. We are still in the middle of earnings season and the Bank of Japan meets tomorrow. We want to see where the market closes tomorrow and will have a full report for you this weekend.
Special Earnings Report Coming This Weekend:
We will have a special earnings report for you this weekend.
FLS Portfolio:
Thankfully, the FLS portfolio continues acting very well and as of Thursday’s close:
A. The service owns: QQQ +3.73%, SMH +8.71%, XLF -0.46%
B. The service will exit: QQQ @ 110.85, SMH @ 58.65, XLF @ 22.37
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.
