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[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 09/15/2024 by Jon Johnson
Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader](
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[Jon Johnson]
- Slow start, rally continues
- Producer Purchasing Index (PPI) hotter, but as with Consumer Price Index (CPI), the market overcomes the data
- Rate cut odds increase even as stocks rally, prices top expectations
- Four sessions higher, expecting more before some Friday profit taking
As anticipated, after the large Wednesday surge, particularly the last short squeeze, the stock indices traded softer early on. Not that futures were trading lower pre-PPI -- they were sporting gains but started peeling when the number came in hotter overall and on the Core. Futures bombed at the open, selling for the first half hour. Then the anticipated rebound came â just took a bit longer to get the shakeout drop. Once that was in place, a very nice surge ensued followed by a midday test. From 12:00ET, it was nothing but net to the upside through 2:30ET. Then it was a lot of back and forth range-trading in a narrow range to close the session. PHLX Semiconductor (SOX) was lower, unable to get off the mark, but the other indices posted nice gains, and this time it was more across the board buying as the small caps actually led, edging out the Nasdaq indices. NOTE: The figures and facts above are from the 9/12 report. MARKET VIDEO [Click here to watch!]( NOTE: The video is from the 9/11 report. [One Truth About Trump Most People Have Never Heard]( One of Americaâs top retirement income experts reveals what heâs calling Wall Streetâs best kept income secret: âI have details on a secret âincome contingency planâ signed into law by Trump before he left office designed to safeguard Americans against financial crises like todayâs⦠PBN Income has allowed savvy Americans to collect massive, government-guaranteed income from an obscure and little-known passive-income source month after month â for life.â [Heâs revealing EVERYTHING here.]( 2. Targets Hit Technical Traders Alert: The recovery from the prior weekâs sharp decline provided some interesting bedfellows to play. Precious metals stocks rallied with gold surging to a new all-time high. Techs recovered as well and retail remained strong. We were able to bank some more gain even with a presidential debate, CPI and PPI. Of course, the FOMC rate decision is next week and that is a huge influence ahead. With that coming, we banked some more gain when we had the opportunity. Barrick Gold Corp. (NYSE: GOLD): 177% gain in the options Palantir Technologies Inc. (NYSE: PLTR): 53% gain in the options Wheaton Precious Metals Corp. (NYSE: WPM): 23% gain in the options [Receive a risk-free trial to Technical Trader 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 youâve never traded with predictive analysis or leading indicators... If you feel like you donât 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 Celestica Inc. (CLS) -- Celestica Inc. is currently trading at $45.32. The October 2024 $46 calls (CLS20241000C00046000) are currently trading at $3.30. [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](
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