Weekend Wrap Up for 07/14/2024

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 07/14/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( 1. Market Summary [Jon Johnson] - Market gets its wish on CPI, sells leaders, buys small and midcaps - Market again shows rotation, but this time it is zero-sum rotation. - We are told the inflation trend is reversing, but it has yet to show up in the math - Consumers foolishly don’t realize how wonderful they have it . . . - Friday key is whether the large cap tech leaders can hold the line and Thursday’s surges in the small and midcaps can hold the move The markets received what they were expecting and more – a further cooling CPI – and stock futures jumped higher. For a few minutes. Then futures fell as a new market move started. Rotation, but different. Whereas the past few weeks show a nascent rise in rotation with new money added to push up some lagging areas as the mega caps continued to rise, the rotation trade Thursday was not accretive. Money was yanked from the stocks leading the Big 4 indices higher – indices that were, as discussed, stretched on this particular rally leg if not the rally overall. That money poured into the small caps, midcaps, transports. Precious metals, oil and gas, materials, smaller biotech and drugs, building materials retailers, department stores, smaller industrial – the list is long – jumped higher as new money found them. Does it stick this time? Okay, that was one session. We have seen it before, and almost as soon as it starts the rotation attempt falters and the established move reasserts. There is some more depth and breadth this time as there are more and better patterns in the market. Thus, while the moves were solid in both directions, we will see how the next session treats the moves. If there is a continued surge, it is clear there is money still pushing into these laggard areas. Even if Friday shows a pause, that is not fatal and we would put some more money to work in the rotation. If it reverses sharply, well, it was a knee jerk move and the same old trade with the Big 4 index leaders returns. A definite switch. There was a definite switch thrown Thursday and the gate was opened to buy small and midcaps. Looking at the breaks higher and lower, there is some staying power to the move. We will see what the immediate reaction is and we can put some money to work accordingly. The needle can still swing back, but we will stick with good patterns with near support for our entries. As for the large cap leaders that were roughed up Thursday and pushed back to support, the same applies. We will see if they can mount a bounce and what kind of bounce. A weak break back upside, or an early attempt at ‘buying the dip’ stalls out suggests we close more of these. We took gain on some of our big names today, and if they do not improve markedly or show a nice hold of support, we are going to be closing more. If they recover, we will pick them back up. If not, we let them base or set up a nearer term entry and use that accordingly. These indices definitely need to consolidate or correct (choose your favorite descriptor). They are not likely blown up, done, ready to dive into recession. The lower inflation and rate cuts help all stocks, and after some de-frothing, they will rise again. It may happen Friday, it may happen Monday, but they likely need a bit more because they moved so well. NOTE: The figures and facts above are from the 7/11 report. MARKET VIDEOS MARKET SUMMARY No videos for this week. 2. Targets Hit Investment House Daily: A busy week with earnings season kicking off, a critical CPI and PPI, extended Big 4 indices and the hint of rotation. All of that combined for a week where we could bank some nice gains across a very nice range of sectors and stocks. Apple, Inc. (AAPL): 99% in the options Advanced Micro Devices, Inc. (AMD): 27.8% in the options Amkor Technology, Inc. (AMKR): 68% in the options Coeur Mining, Inc. (CDE): 17.7% in the stock, 38% Fibonacci retracement in the options Gatos Silver, Inc. (GATO): 22.19% in the stock, 151% in the options Palantir Technologies, Inc. (PLTR): 19.9% in the stock, 122% in the options Tesla, Inc. (TSLA): 217% in the options Walmart, Inc. (WMT): 27.8% in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Technical Trader: The week saw an increase in the degree of change, a bit more rotation as the clearly, market-leading, large-cap techs became stretched to the point they suffered some selling when some status quo changed as CPI prices moderated more than expected. Even so, that played into strength in our plays as we were able to bank gains in several areas. Citigroup, Inc. (C): 26% in the options on a short, pre-earnings rally play. We closed it Thursday ahead of Friday morning earnings, and with C off its feed, post-earnings, we were pleased with that. Costco Wholesale Corporation (COST): 126% in the options Meta Platforms, Inc. (META): 29.89% in part of the options just in case the big names sold a bit. They did, and now we will see if META and company can rebound from the late-week weakness. Morgan Stanley (MS): 67.6% in the options Newmont Corporation (NEM): 35.4% in the options Seagate Technology Holdings plc (STX): 57.89% in the options Rapid Stock Trader: No doubt our gains on the week showed up in precious metals plays -- we have plays that are still producing us more gains, e.g., CDE. As for the others, we played our plan, taking gains when targets were hit, though not total gains in many cases, as we want to let them run. Other areas yielded nice gains as well, e.g., AI-related and oil and gas. We may see more of that ahead as the small and midcaps are finally finding a new bid. CBL & Associates Properties, Inc. (CBL): 12.17% in the stock Gatos Silver, Inc. (GATO): 12.9% in the stock Pan American Silver Corp. (PAAS): 13.4% in the stock Sohu.com Limited (SOHU): 11% in the stock 3. Covered Call Options Play Geo Group, Inc. (GEO) -- Geo Group, Inc. is currently trading at $43.47. The July 2024 $16.00 call (GEO240712C00016000) are currently trading at $0.12. 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. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall]( - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [InvestInFiveStarGems.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. This email was sent to {EMAIL} because you are subscribed to Dividend Investor Daily. To unsubscribe from this list please click [here](. To stop receiving emails simply click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). View this email in your [web browser](. Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](