Weekend Wrap Up for 09/01/2024

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 09/01/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content ["Hidden" Computer Code = Monthly Crypto Income?]( Everyday folks can collect "crypto royalties"... In other words, income from holding your crypto. And the best part is: You do NOT need to know anything about crypto... You do NOT need a lot of money (only $100 to start)... And you do NOT need a lot of free time (these payments are already pre programmed into the computer code)... [Click here to watch my presentation and learn how to collect your first "crypto royalty".]( 1. Market Summary [Jon Johnson]1. Market Summary - Nvidia (NVDA) earnings rattle stocks overnight, but stocks move higher Thursday morning - Nice upside moves but sellers again overrun stocks as S&P 500 approaches the July all-time high - Intraday action lousy, but the index leaves still keep the indices in the upside game - Reconciling company reports of consumer weakness with gross domestic product's (GDP) sharp upside revision in personal consumption - Afterhours earnings produce a number of winners - Personal Consumption Expenditures (PCE) Friday before the open sets the next stage ahead of a three-day weekend The stock indices did a very good job of overcoming NVDA’s modestly subpar report (lacking in metrics in an important area), indeed shaking off the Wednesday post-close drop to open higher. The indices rallied upside again, came closer to the July 16 all-time high, then reversed, hard, starting just before 1:00 CST, dropping for just over an hour and a half. A decent rebound in the last hour looked promising, but the move waffled. That left the indices with any relation to tech lower: S&P 500, Nasdaq, Nasdaq-100 (NDX) and the PHLX Semiconductor Sector (SOX). The other NYSE indices held some gains on the day. Even so, it was a disappointing session for the upside with blown opportunity. It looked as if a gap fill was in the cards and then, not. That left the S&P 500 with a hammer doji just over the 10-day exponential moving average (EMA), Nasdaq and NDX showing the same pattern just below the 50-day simple moving average (SMA). SOX also showed that candlestick formation, but it is below the 50-day EMA while still holding the recent lows and the late July handle action to a potential inverted head and shoulders pattern. In short, still looks as if there is upside opportunity; at the same time, the market still falls short of making anything of those good looks. NOTE: The figures and facts above are from the 8/29 report. MARKET VIDEO [Click here to watch!]( NOTE: The video is from the 8/28 report. [Have You Seen This $11 Trillion 'Tech Strip?']( While many folks today are wondering what to do with their money… a revolutionary “sheet” of new technology has quietly sparked an $11 trillion tech revolution. Investors who get in FIRST have a rare chance to position themselves in front of a tsunami of profits. [Click here to see how anyone can profit fast.]( 2. Targets Hit Investment House Daily: Walmart Inc. (NYSE: WMT): As the market rebound trailed off into a big flag pattern below the S&P 500’s prior all-time high, stocks slowed their moves as well. That said, some kept trending higher, e.g. our play on WMT. We previously banked gain at our initial target on Aug. 15, locking in a 50% gain on half the position. We let it run, however, because WMT continued its trend higher above the rising 10-day EMA. This past week, the move turned lateral. It tried to bounce Thursday and did, but Friday, it stalled after an initial move higher. With things slowing down and with September call options, we opted to bank another half of the position and sent an alert to sell half the calls that were trading at $6.87. That gained a solid 159%. Now, if WMT restarts its move higher, we let them work. That might take until after Labor Day to see if that is the case. If so, its gains can overcome the closer time interval to expiration, but we will monitor the charts to see how it is performing for when we should bank the last part of the position. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( [#1 A.I. Software to Find What to Trade]( With thousands of assets to choose from, filtering through these to find the most promising ones can be daunting. What if I told you there is a search engine like the one you love and trust, but designed for traders like you to search and dominate the markets by accessing the most timely and accurate information? If you’ve never traded with predictive analysis or leading indicators... If you feel like you don’t have the time (or knowledge) to properly conduct thorough research and analysis... [Come learn (for FREE) the #1 A.I. to find what to trade.]( 3. Covered Call Options Play El Pollo Loco Holdings Inc. (LOCO) -- El Pollo Loco Holdings Inc. is currently trading at $13.76. The September 2024 $14 calls (LOCO20240900C00014000) are currently trading at $0.25. [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 Rosslyn, VA. – 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]( - [[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 Investment House Weekend Wrap Up. 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. Salem Media Group - Eagle Financial Publications | 1735 N Lynn St, Suite 500, Arlington, VA 22209-2016 [Link](