Weekend Wrap Up for 05/05/2024

You are receiving this email because you signed up to receive Investment House's free e-letter Investment House Wrap Up, or you purchased a product or service from its publisher, Eagle Financial Publications. [Investment House Wrap Up] [IH Daily]( [Technical Traders Alert]( [Rapid Profits Stock Trader]( [About Jon]( In This Issue: - Market Summary - Targets Hit - Covered Call Options Play Weekend Wrap Up for 05/05/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Popular Investing Guide Re-Release Officially Announced]( After 30 years, these simple investing strategies are still helping investors to find financial freedom... And to celebrate, expert Chuck Hughes is re-releasing his follower-favorite guide, "Trade Like Chuck". These strategies have proven to be the most direct path to more consistent profits I've ever used...even after all these years! [Get your copy of "Trade Like Chuck" now!]( 1. Market Summary [Jon Johnson] - Futures bounce post-Powell, market logs nice gains - Jobless claims remain near record lows -- basically the same for three years - The most recent litany of economic woes - Banks can be defaulted at any time the Fed needs - U.S. Debt growth - Stock indices attempting to break up the ABCD patterns - Stocks rebounding into the jobs report -- the lick log to overcome the break lower Shockingly, jobless claims were flat at 208,000. In fact, they have been basically flat for three years. Hundreds of thousands of jobs lost in much of the country, yet claims remain at record lows. All of those laid off must have made so much they are now wealthy and do not have to file for benefits. As Yakov Smirnoff would say, "What a country!" NOTE: The figures and facts above are from the 5/2 report. MARKET VIDEOS [Click here to watch!]( NOTE: The videos are from the 5/1 report. [If Investors Think the Stock Market is Unpredictable, Think Again]( Believe it or not, there’s a way to know what direction a stock is poised to go over a period of time… I’m talking about a technical trading technique that lets investors know whether a stock is going up…or whether it’s going down – within a rough time frame. I personally use this technique to consistently make profitable trades… And I’ve put together a short presentation with details on how investors can start taking advantage of this technique alongside me. [Click this link to view the presentation.]( 2. Targets Hit A bit commodities-centric again as we banked some gains in the group after the techs sold off in April but were trying to rebound off that selling. That made it prime time to bank some of the oil and gas, as well as metals, positions as we looked for new positions in some tech -- depending upon the quality of the bounce. This way, we rotate with the market, selling positions in sectors as they peak runs and moving into sectors as they become runs. Century Aluminum Co. (NASDAQ: CENX): Banked the rest of a 73% gain in the stock US Silica Holdings Inc. (NYSE: SLCA): Cashed in a very nice 23% gain in the stock, 230% in the options Suncor Energy Inc. (NYSE: SU): Sold the options for a solid 75% gain [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( [Level up your trading intuition]( To buy, sell, or stand aside? That is the question. And it’s simple to answer when you [sharpen your market intuition](. At a single glance of a (powerful) chart, I want to show you how to always make the right decision. [Trade this way >]( 3. Covered Call Options Play Ceco Environmental Corp. (NASDAQ: CECO) -- Ceco Environmental Corp. is currently trading at $22.01. The May 19 $22.50 calls (CECO20240519C00022500) are currently trading at $0.40. That provides a return of about 9% if CECO is above $22.50 by the expiration. [Learn more about our Covered Call Tables here!]( About Investment House: [Investment House]( Since 1999! Our investment newsletters are designed to reduce your research time and help you invest and trade profitably. Our strategies range in risk from rather conservative covered call writing, trading blue chip stocks, all the way to speculating with options to get quick triple-digit gains. Get to know Investment House with these premium investment services: [Investment House Daily]( [Technical Traders Alert]( [Rapid Profits Stock Trader]( [Stock of the Week]( About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. 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