Weekend Wrap Up for 03/15/2020

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]( [Success Trading Group]( [About Jon]( In This Issue: - Market Summary - Targets Hit - Pick of the Week - Covered Call Options Play Weekend Wrap Up for 03/15/2020 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Success Trading Group]( [Coronavirus to Cause Even More Market Volatility?]( To be blunt -- the coronavirus’s biggest threat to the market is volatility… from hype, not fact. Research suggests it will rock Wall Street many more times in the coming weeks. We’ve already seen this happen in January and February this year, and to think it won’t happen again is naïve. So my message is urgent: If you want to protect and grow your money, you must do this… Switch to investing strategies that thrive in unstable markets. And your first step is to [secure your free copy]( of my special report, Five Tips for Overcoming Market Volatility. These five tips help make great returns in good markets, but in volatile ones, it wins up to 86% of the time! Download this report [right here](, before it goes offline in the next 24 hours. [Click Here to Read More...]( 1. Market Summary [Jon Johnson] Excerpted from Thursday's paid content of [Investment House Daily]( by Jon Johnson. Panic and Despair Grips the Nation – The Fed fired another cannon shot, but this is a battle that it cannot win alone. – Congress is dithering when the economy needs immediate action. – The market is pricing in a deep recession due to a lack of information and because we are making panicked decisions about closures and cancellations without a proper risk/reward assessment. – The S&P 500 and the DJ30 are testing the trend line from March 2009, which marked the start of the long bull run. – The mother -- or cousin -- of all relief rallies is near, but it is likely just going to be relief unless we do the right things quickly and get some luck. In my day, the only "panic buying" was when the bartender yelled “last call!” As U.S. citizens panic, buy toilet paper and sell stocks, it is best to keep a sense of humor. Once again, the market was unimpressed by the Federal Open Market Committee's (FOMC) actions. The Fed loaded up its cannon with $1.5 trillion in repurchase ("repo") operations and shifted its $60 billion in monthly maintenance purchases to coupon bonds and Treasury Inflation-Protected Securities (TIPS). The latter did not add liquidity, but it did get the Fed in position to ramp up the size of asset purchases when they will be needed at some point in the future. That news hit in the middle of the day and boosted stocks. The indices gapped lower as the president’s address discussed more preemptive containment action (largely banning foreigners from Europe other than the United Kingdom). However, it was light on the fiscal side simply because the executive must let Congress appropriate the money. Of course, the Democrats and the Republicans are at odds over what the stimulus will look like. As everyone knows, this means wrangling and delay. Meanwhile, futures are headed lower and lower. Technical Analysis: The DJ30 undercut the December 2018 lows and followed the S&P 400’s move on Wednesday. While the other big indices have not made it that far, we can anticipate that the S&P 500 will also go in that direction as its lows are not far from its current location. However, there is another important point at hand -- see the S&P 500 discussion below. Then, you also have to consider that the NASDAQ and the PHLX Semiconductor Sector (SOX) are both still a long distance away from that low. Will they necessarily have to test it or will the DJ30 and the S&P 500 be a good enough proxy? As futures went down hard again because Japan and China were blitzed lower on Wednesday, they will at least get closer. NASDAQ: The NASDAQ’s December 2018 low is 6,190, or 1,010 points from the close. At Thursday's pace, this is just 1.5 days away. Of course, that pace cannot continue. Actually, yes it can because the first leg lower was 1,574 points in seven sessions. The current selloff is currently 1,876 points in six sessions. As the market likes symmetry, the fact that the trend is getting just a hair asymmetric may suggest that a bounce is close. On the other hand, the trend line off of the March 2009 low is still 1,000 points lower. S&P 500: A critical level has been reached. This level is not the December 2018 low, but rather, it is the trend line from the 2009 market bottom low. That is the trend line of trend lines for this bull run. If it breaks, so will the bull run. Thus, some kind of stand will likely be made at this point. NOTE: The figures and information above are from the 3/12 report. [Watch the Investment House Videos For This Week Here!]( NOTE: The videos are from the 3/11 report. There are only two videos this week. [Coronavirus to Cause Even More Market Volatility?]( To be blunt -- the coronavirus’s biggest threat to the market is volatility… from hype, not fact. Research suggests it will rock Wall Street many more times in the coming weeks. We’ve already seen this happen in January and February this year, and to think it won’t happen again is naïve. So my message is urgent: If you want to protect and grow your money, you must do this… Switch to investing strategies that thrive in unstable markets. And your first step is to [secure your free copy]( of my special report, Five Tips for Overcoming Market Volatility. These five tips help make great returns in good markets, but in volatile ones, it wins up to 86% of the time! Download this report [right here](, before it goes offline in the next 24 hours. [Click Here to Read More...]( 2. Targets Hit Here is one completed trade from both Investment House Daily and Technical Traders Alert, offering insights into our trading strategy and the target that we have hit this week: Lam Research Corporation (NASDAQ:LRCX): LRCX broke its trend in late February and gapped below the 50-day exponential moving average (EMA). In that instance, we waited for a trend break test. Sure enough, after breaking and sliding lower until Feb. 28, LRCX rebounded over the course of the following week and moved back up to the 50-day moving average (MA). On March 3, LRCX gapped higher, tested the 50-day simple moving average (SMA) and then fell. As we liked that failure at LRCX's resistance, we entered the position by buying March $295.00 put options for $19.10. LRCX hung out at the 50-day MA for a couple more sessions and then started lower. It gapped down and then recovered to test the 10-day EMA on the big Thursday market down session that saw the DJ30 lose 10% of its value. That turn of events sent LRCX down to and through the 200-day SMA. Given that such a drop happened after so many down sessions, this extreme fall from grace meant that we wanted to look for a rebound. As a result, we sold our options for $49.00 and banked a 155% gain. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Here is one completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we have hit this week: ProShares UltraShort S&P500 (NYSEARCA:SDS) This is the upside way to play downside moves in the S&P 500, and it is often a more affordable way of doing so. In other words, when the market gets volatile, SDS provides a stable way to participate. We bought stocks for $32.22 -- as is often the case when this kind of stock is a good choice, the times were turbulent and the market was bouncing up and down with tremendous volatility. If you look at the sessions from March 9 to March 11 (when SDS was at our entry point), you can see how much volatility we had to ride out. Nonetheless, with the market under stress, Thursday was the day of days in this selloff because that was the day that the DOW lost 10% and the S&P 500 tested the long-term trend line from the March 2009 market low after the financial crisis. That move also indicated that it was time to take the gains -- you rarely get that kind of move in one day on top of so much prior selling. Thus, we sold the position for $38.05 and banked a gain of 18%. This is an example of what you'll get by becoming a member of the Success Trading Group. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month. [To receive a risk-free trial and save 50%, click here now!]( [Markets Got You Spooked? Then Why Are We Making Triple Digits?]( There’s a secret why the pros whet their appetites... When individual traders turn-tail and run. And it’s really quite simple. When the markets get volatile, they switch to the three trades that love whipsaws... And I’m going to show you the three different setups that exploit every market swing you’ll see. Here's the thing... I’m not charging you a dime to discover how to quickly bag double and triple-digit wins when the market goes crazy. But I am going to ask you to not watch this unless you are serious enough to commit 30 minutes to it. That’s how fast you can commit these three trading patterns to memory for life. I strongly suggest you [get them now](. [Click Here to Read More...]( 3. Pick of the Week AAPL (Apple, Inc.--$248.23; -27.20) EARNINGS: 04/28/2020 STATUS: ABCD. AAPL gapped lower on Thursday -- as did most stocks -- and opened near the Feb. 28 low that it had hit on that downside gap. At the same time, AAPL had been at its prior low during the selloff. At that time, it had big volume -- the biggest amid the selling. During the next session, AAPL put in a new low on the open and then sold down to the 200-day SMA to close just above the 78% Fibonacci retracement of the October to February rally. This meant that AAPL has beautifully set itself up for a move higher. This stock is also not only a super important stock for the market, it is also currently in an excellent upside pattern. If it makes this move, we will play it. A move to the target will give us a gain of 50% on the options -- and they are not as bad as others. VOLUME: 104.619M Avg Volume: 46.57M ENTRY POINT: $255.68 Volume=65M Target=$279.78 Stop=$247.68 POSITION: AAPL APR 17 2020 255.00C -- (43 delta) [To receive all of Jon's picks in Investment House Daily, click here now to start your risk-free trial and save 50%!]( --------------------------------------------------------------- 4. Covered Call Options Play Chegg Inc. (NYSE:CHGG) -- Chegg Inc. is currently trading at $36.80. The April 18 $40.00 Calls (CHGG20200418C00040000) are trading at $2.25. That provides a return of about 18% if CHGG is above $40.00 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. Get to know Investment House with these premium investment services: [Investment House Daily]( [Investment House Daily Pro]( [Investment House Technical Traders Alert]( [Investment House Technical Traders Alert Pro]( [Success Trading Group]( To ensure future delivery of Eagle Financial Publication and emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to Dividend Investor Daily. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). 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 Caron Broadcasting Company 300 New Jersey Ave. NW, Suite 500 | Washington, D.C. 20001 [Link](