FLS Update: Spolier Alert: All Eyes On Central Banks

Facebook
Twitter
LinkedIn

Market Update:
The tape remains split as the Nasdaq 100 type stocks are leading while the Dow & S&P 500 are lagging (still trading below their respective 50 DMA lines). In the short term, the action is getting “better” but was my good friend GaryK says, “Don’t Blink.” The market is at the mercy of the global Central Banks. The Bank of Japan is expected to “do more” and fire another easy money bazooka and the Federal Reserve is expected to hold rates steady tomorrow. If either central bank “disappoints” investors in a big way, we could easily see the market fall – HARD. Conversely, if the central banks come through and support markets, we could easily rally again. We like to add risk when the odds of success are in our favor, not when it is a coin-toss. There are a lot of good setups and we are more than happy to begin adding risk, when the odds of success are in our favor again.

FLS Portfolio:
The FLS portfolio added MELI yesterday and as of this writing (3:26pm EST),

A. The service owns: SMH +13.86%, MELI -0.28%
B. The service will exit: SMH @ 62.96, MELI @ 171.54

Working Orders:
There are no new 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.

Facebook
Twitter
LinkedIn

Here are more articles you may like

Claim Your Free Guide Today

Give us your email and we will give you the tools to change your life. 

FREE 7 DAY EMAIL COURSE

Learn about Early Entry Points & much more...

© ChartYourTrade | Contact us: website@chartyourtrade.com

Disclaimer: All communication from ChartYourTrade is general in nature and for educational and general informational purposes only. Under no circumstance should it be considered personalized investment advice. All our work is general in nature and not specific to any one person. All the information on this site and/or that originates from us, or any of our partners or affiliates, is for educational and informational purposes only and is NOT a recommendation to buy or sell anything. To avoid any conflicts of interest, we do not have a working relationship with any of the companies mentioned in our work. Furthermore, we may have a long, short, or no position in any, or all, of the names that appear in our work and they may change at any time without notice. Investing and trading in capital markets or using margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. Before you decide to invest or trade in capital markets you should carefully consider your investment objectives, level of experience, and risk appetite, among other factors. The possibility exists that you could sustain a loss of some, all, or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with capital markets, investing/trading, and seek specific investment advice from an independent financial advisor and other professionals. Remember all the information we provide is for educational and general informational purposes only and is subject to change without notice.

Charts and Data are courtesy of MarketSmith Incorporated. Join MarketSmith here.

Terms of Service