Market Update: Stocks Are Strong
The market remains stubbornly strong as it simply refuses to pullback in a meaningful fashion. The small-cap Russell 2000 is about to break out of its year-long range which bodes well for the major indices. The action beneath the surface remains healthy as the market pauses to digest its very strong rally.
FLS Portfolio:
Today the big gift is BABA. Last year, NVDA and MU were two solid winners for the portfolio and this year ADBE and BABA are solid performers. Here is a snap shot of the portfolio as of this writing 2:27pm EST:
The service owns: ADBE +27.80%, BABA +44.14%, AAPL +6.72%, GLW +1.17%, COH +1.17%, FB +0.75
The service will exit: ADBE @ 130.67, BABA @ 113.97 AAPL @ 148.77, GLW @ 27.64 COH @43.57, FB @145.27
Working Orders:
As mentioned in our weekend report. The market is extended up here and due to pullback. Plus, we are comfortable with our current exposure. Therefore, there are no new open 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 50 Park Investments is strictly prohibited.
