Weekend Wrap Up for 06/02/2024

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 06/02/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( [I Can’t Believe A Ticker Like This Exists]( Years ago, I came across a stock market ticker… One that has been my “edge” ever since… I trade it over and over again, every week… And thanks to this one ticker, I hit on 93.6% of my trades in 2023. [Here’s how you can too.]( 1. Market Summary [Jon Johnson] - Battered indices bounce, PHLX Semiconductor Sector (SOX) tests as Nvidia suffers a rare downside session - Index data feed cuts out during early session selling; did that help bounce stocks? - Big Nasdaq names struggle as chips, metals hold decently - Bond yields soften as 10-year Treasury hits 4.6%, turns tail back down - Personal Consumption Expenditures (PCE), Personal Income/Spending, Chicago Purchasing Managers Index (PMI) due Friday This was the session where the battered indices finally bounced as the tech indices struggled to losses though SOX still looks rather brilliant with a two-session pullback to a doji over the 10-day exponential moving average (EMA). NOTE: The figures and facts above are from the 5/30 report. MARKET VIDEO [Click here to watch!]( NOTE: The video is from the 5/29 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 Technical Trader: Once again it was a week of diversity in terms of the places we banked gains. Equity, as well as the gains, were in close proximity and were quite equitable in terms of the profits. Okay, I am making fun of Diversity, Equity and Inclusion (DEI), but I have to -- it makes a joke of itself so I make jokes as well. Alcoa Corp. (NYSE: AA): An aluminum play that returned 131% on the options Costco Wholesale Corporation (NASDAQ: COST): We banked the rest of our 131% gain just ahead of earnings -- that saw COST take a 20 point hit. NVIDIA (NASDAQ: NVDA): Banked the rest of this position as NVDA popped higher after the Thursday downside session, but then the stock started to falter again. Banked the last of the 155% gain. [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Rapid Profits Stock Trader: ZIM Integrated Shipping (NYSE: ZIM): Chartered another trip on ZIM Integrated Shipping on Friday, May 24. ZIM is in the process of producing a series of rallies now that it has turned the corner from a long downtrend, breaking out of a nicely formed base to set the stage. After the entry, ZIM paused a couple of days then took off to the upside again, hitting our target Friday May, 31. While it takes ships weeks more to circumnavigate the Cape of Good Hope at the tip of Africa, ZIM made us 12.6% in less than a week. We issued the alert to sell just half the position as ZIM was making a new break higher. That way we can bank some solid gains at our initial target but not try to get too cute picking a top and thus cutting off a move before it is done making us money. [Receive a risk-free trial to Rapid Profits Stock Trader and save 50% by clicking here now!]( [Don't let the market burn you out]( You can either maintain full throttle, navigating the turbulence, or opt for a smoother ride with greater control. Traditional sources of trading insights often rely on lagging indicators and historical data, leaving you a step behind, struggling to keep pace and risking burnout. Imagine having access to a [revolutionary dual-patented tool]( that leverages past data to forecast future stock movements effortlessly. Our Pro Trader is ready to unveil 4 real-time A.I. scanned stock trends in this complimentary [LIVE A.I. TRAINING CLASS.]( 3. Covered Call Options Play Kiniksa Pharmaceuticals Ltd. (NASDAQ: KNSA) -- Kiniksa Pharmaceuticals Ltd. is currently trading at $18.67. The June 21 $20 calls (KNSA20240600C00020000) are currently trading at $0.05. That provides a return of about 21% if KNSA is above $20 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. 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