Weekend Wrap Up for 07/26/2020

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 07/26/2020 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Success Trading Group]( [Urgent: Why You Need Market Plunge Protection NOW]( How do I know when the market is going to crater? Because every time the market plunges 20% or more, like it did at the end of 2018, the rebound curve looks pretty much the same. It shows you how high the market will bounce back… just before it plunges again. Goldman Sachs claims this has been happening since 1945, and that we’re about to get slammed with another round of volatility. But my five-point strategy could be a lifesaver for your portfolio… in fact, even in volatile markets, it wins up to 86% of the time! [Click here now]( to download your free guide. [CLICK HERE...]( 1. Market Summary [Jon Johnson] Excerpted from Thursday’s paid content of [Investment House Daily]( by Jon Johnson. The Market Needs a Stimulus Agreement – Leaders bounce off of a big-tech-led weak opening, but take hits as Apple once again becomes the target of state attorney generals. – Weaker jobless claims break a string of lower numbers and trump Treasury Secretary Mnuchin's announcement regarding a Republican/White House stimulus agreement. – The Fed tried to save the session, given that the big tech names were selling, but at this point, its modest commentary was insufficient. – With the presence of emerging headwinds, the market needs a stimulus agreement and something from the Fed. After a round of earnings from Microsoft, Chipotle Mexican Grill and Tesla (and quite good earnings at that), the market started lower. However, things weren't all bad. Indeed, futures were positive heading into the weekly jobless claims report. Then, Treasury Secretary Mnuchin appeared on CNBC and announced that the White House and Republican members of Congress had reached a stimulus deal that did not include the marquee element. This element would ideally take the form of eliminating the payroll tax. Nonetheless, all of this news was still good for some market resilience. Jobless claims disappointed. Indeed, the report featured the first rise in 16 weeks (1.416 million vs. 1.3 million expected, 1.307 million prior), with 31 million Americans receiving unemployment benefits. That stalled the modest upside, and by the time that the market opened, futures were modestly lower. This remained true even when Microsoft sported a heftier loss to start the trading session. After a lower open, however, many of the leading stocks from the tech sector turned positive with some nice moves. The large-cap tech stocks lagged, but the other leaders in this sector, as well as leaders such as Lululemon Athletica, rallied as well. Bids looked solid. Then the rug was yanked. State attorney generals are looking into Apple, again. The market hates that. Huge companies such as Amazon, Walmart, Home Depot, Target, Tractor Supply Company and others were given a pass during the lockdown because they were considered to be "essential." At the same time, these companies certainly used that opportunity to improve and streamline their systems. They also put more miles between themselves and the companies that were forced into lockdown. Technical Analysis: NASDAQ: The NASDAQ started off flat, edged higher and then slumped to the 20-day exponential moving average (EMA) on the low. While its volume moved higher, as there was selling in some big names, the 20-day EMA has triggered rebounds since early May. As the NASDAQ may be extended at this point, this level may not be sufficient for history to repeat itself at this time. While the NASDAQ did put in a higher high, it came back quite quickly as the overall market, including the NASDAQ, was having a hard time rallying on all of the good news. Now, the news is not so good. Thus, this will be an important test of its support. S&P 500: The S&P 500 faded to the 10-day EMA on low levels of trading. There was no dumping. Instead, there was just no interest. While the index still has good patterns, the S&P 500 is continuing to struggle between 3,200 and 3,300 points. Since this is around what the June high was, this is not a reassuring course of action. NOTE: The figures and information above are from the 7/23 report. [Watch the Investment House Videos For This Week Here!]( NOTE: The videos are from the 7/22 report. [Is This Man the Best Stock Picker Ever?]( Meet the Best. Trader. Ever. He’s the newest member of our Eagle Financial family. Over the last 11 years, he’s had 363 winners on 372 closed trades and 10 out of 11 perfect trading years (NO LOSERS). He’s currently on a five-year winning streak of 211 trades in a row! While I fully expected his win streak to continue in 2020, I never could have imagined he’d still be banking winners even as the coronavirus was wiping out investors everywhere! [Click here]( now to meet the Best. Trader. Ever. [CLICK HERE...]( 2. Targets Hit There were no new trades in the Investment House Daily this week. [Still, you can receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Here are two completed trades from Technical Traders Alert, offering insights into our trading strategy and the targets that we have hit this week: Lam Research Corporation (NASDAQ:LRCX): Semiconductor stocks have continued to flirt with really solid moves. However, even though they featured good patterns, and the PHLX Semiconductor Sector (SOX) tried to reach a new high, they were just not making great moves. Or, at least, most of them were not. LRCX is a stock we always watch, mainly because it often puts together powerful runs. Accordingly, after it broke higher over its resistance during the second half of June, we began watching for an entry point. LRCX tested that break higher, as is often the case, and came back to the 20-day EMA. We put the play on the report during that test, and LRCX broke higher with a solid move on June 20. Since that was our entry signal, we moved in with September $315 call options when the stock was at $320.81. Initially, this was a strong move that looked good. LRCX did continue higher, but it was a slow move that mimicked the trajectory of the semiconductor sector. So much for a big, fast and powerful run. LRCX worked its way up the 10-day EMA. Generally, it was up a day and then down a day in a steady move. This was not a bad course of action, as it soon began to blast off. When tech stocks jumped on Monday, LRCX posted a solid move and hit our initial target. After riding a slow and steady move for 20 days, we were ready to take our gains. We sold the options for $48.90 and banked a gain that was just under 43%. While this figure is not huge, the gains are not bad at all. Pan American Silver Corp. (NASDAQ:PAAS): Yes, we were interested in precious metals. Of all the silver stocks, PAAS is our favorite and is always on our metals watchlist. With all precious metals forming up, we were watching PAAS form a short cup-with-handle pattern from late May to early July. We then put it on the report after a solid break higher on June 30 was followed by a test. After a tight, lateral, four-day-session move to form the handle, PAAS broke higher on July 8. Since that was our entry signal, we bought stock for $32.49 and October $32 call options for $4.50. PAAS then did what metals do -- it worked a bit higher, tested the 10-day EMA and then moved up again. Early this past week, PAAS hit our initial target. So, we sold half of the stock for $35.62 and banked a 9.6% gain. We also sold half of the options for $6.20 and banked a 34% gain. While these gains are not exciting, precious metals are not exciting either. The gains are, however, very steady, and we anticipate that the remaining position will continue to work higher up the 10-day EMA. [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Here is a completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we have hit this week: Kroger Co. (NYSE:KR): Sexy is as sexy does. That is what I tell myself when looking at stocks like Kroger. While groceries are useful, they are totally not sexy. Or, perhaps they are -- my wife got hit on at our local grocery the other day. Ah, life with COVID-19. She said that it was just because she was in her car and did not have her mask on -- anyone without a mask is sexy, she said. For me, it is the other way around -- please put on the mask... Anyway, KR was building higher off of the 50-day moving average (MA) in a decent enough uptrend. Not only had the stock come back to the 50-day MA with a test during the first two weeks of July, but with all of the lockdown problems, it likely would put in a good move higher off of the 50-day. On July 14, the fact that KR bounced gave us an entry signal. So, we moved in and bought stock for $34.20 as it bounced higher. KR was then "out of stock," so to speak, for the next three sessions, as it continued to work laterally. Finally, KR surged this week. On July 21, it ripped higher and moved over $35.50. We let it surge, and when the move started to falter, we sold the stock for $35.42 and banked a 3.57% gain. Now is a good time to become 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!]( [Arizona Man Develops Coronavirus Kryptonite]( I wish I had news about a vaccine for this deadly disease, but that still looks a long way off. But this is certainly the next best thing… a “cure-all” for the daily damage the coronavirus is doing to your retirement prospects. One Arizona man has found an easy way to bank himself huge, ongoing profits from all the craziness and volatility in today’s stock market. What’s his secret? [Join him now]( for a live update and join him in feasting on this frenetic market! [CLICK HERE...]( 3. Pick of the Week CAT (Caterpillar -- $138.56; +0.19) EARNINGS: 07/31/2020 STATUS: You cannot ignore a solid pattern just because it appears in a recovery stock. For instance, CAT may be able to deliver a nice move higher off of an one-two-three test of the Tuesday and Wednesday rally off of CAT's support. Indeed, a nice low-volume pullback to the 10-day EMA has CAT in a position to make a new, strong break higher. When CAT shows that move, we want to step in for a run at the November-December-January consolidation, as that move will produce a 60% gain on the options. VOLUME: 13.62M Avg Volume: 3.646M ENTRY POINT: $135.89 Volume=5M Target=$145.98 Stop=$132.54 POSITION: CAT SEPT 18 2020 135.00 Calls -- (51 delta) [To see the chart for CAT, click here!]( [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 Celsius Holdings Inc. (NASDAQ:CELH) -- Celsius Holdings Inc. is currently trading at $14.55. The Sept. 19 $15 Calls (CELH20200919C00015000) are trading at $1.50. That provides a return of about 16% if CELH is above $15 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](. 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