Weekend Wrap Up for 08/04/2024

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 08/04/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Warning signs flashing again in the market]( I put my personal money to work last September as the market pulled back. Did the same in April. Now, I'm rearing up to buy more as my #1 indicator is flashing for another pullback. I've used this #1 indicator since 1997. It let me and my readers know to sell in February 2020 before the Covid crash. The indicator is free to use and easy to overlay on your charts. [Here's my #1 indicator to try out now.]( 1. Market Summary [Jon Johnson] - Stocks start higher on new month money, then test support. Then break it and drop hard - Meta earnings cannot keep the market bouncing as semiconductors, after rallying 7% drop 7% - Economic data weaken and the market appears to now view bad data as bad - Central banks cutting, central banks holding pat, markets demanding interest rate cuts - Even the stronger rotation sectors are hit with selling, though many remain solid - Heavy pressure on stocks as they attempt to hold support from the past two weeks - Jobs report presents a no-win situation: bad data are considered bad by market participants while good data are considered bad by market participants It would appear that Advanced Micro Devices, Inc’s (AMD's) earnings interrupted the selling ... but just for one session. It looked as if the Tuesday selloff and rebound off support, followed by the Wednesday gap higher, test, and rebound, set the stage for a run at the mid-July gap. Thursday started that way with stocks gapping upside and rallying after Meta stomped earnings, resurrecting the artificial intelligence (AI) promise and trade. New month, new money. NOTE: The figures and facts above are from the 8/1 report. MARKET VIDEO [Click here to watch!]( NOTE: The video is from the 7/31 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 Investment House Daily: High volatility week but we were able to stick with some of the rotation areas and bank some gains both before and after the real volatility high. For us, we still like the smaller biotechs, precious metals, retail and some other overlooked areas that are becoming not so overlooked. On the week, we banked some gains in the oil and gas area as prices for oil bounced around with the economic concerns -- from all is well to panic. Northern Oil and Gas Inc. (NYSE: NOG): 87.2% gain in the options Dominion Energy Inc. (NYSE: D): 247.8% gain in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Stock Trader: Despite the clubbing of the Big 4 indices – and the extreme back and forth whipsaw seen on the various earnings and then economic reports. The market appeared to switch to a ‘bad news is bad news’ mindset starting with the Thursday ISM Manufacturing weak showing. That continued into Friday. In any event, we stuck to the groups that were working upside on our stock plays and banked some gain in a weak market. Foot Locker Inc. (NYSE: FL): 8.57% gain in the stock Revolve Group Inc. (NYSE: RVLV): 7.46% gain in the stock [Receive a risk-free trial to Rapid Profits Stock Trader and save 50% by clicking here now!]( [It's hot gains season]( Exciting trades are exploding. With Nvidia's record-breaking surge making it the world's most valuable public company, the market is heating up with opportunities. The excitement around A.I.'s potential is creating waves that elite Options traders are riding to big wins. Want to know how top Options traders leverage A.I. for these gains?  Our complimentary live session will reveal the strategies and tools they use to stay ahead. Join over 100,000 traders who have already attended and benefited from this training and [Discover how top Options traders leverage A.I. in August for big wins](. 3. Covered Call Options Play Century Aluminum Co. (CENX) -- Century Aluminum Co. is currently trading at $15.11. The September 2024 $16 calls (CENX20240900C00016000) are currently trading at $1.20. [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. 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](