Weekend Wrap Up for 11/01/2020

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 11/01/2020 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Success Trading Group]( Sponsored Content [[URGENT] Google Just Poured $4 Billion Into THIS...]( It's NOT bitcoin. It's NOT 5G. It's NOT cannabis. But it could be bigger than all of those. This tech is fresh out of a secretive lab in Boston, and early investors are funneling as much money as they can into it. You could be looking down the barrel of 5,000% profits or MORE. [Free alert explains.]( [CLICK HERE...]( 1. Market Summary [Jon Johnson] Excerpted from Thursday’s paid content of [Investment House Daily]( by Jon Johnson. Stocks Lay the Foundation For a Rebound – The economic data were solid, market indicators hit extremes and stocks started a rebound. – The rebound was mediocre, and while the big after-hours earnings reports were good, reactions were mixed. Meanwhile, futures moved lower. – Leaders are still solid overall, and the big name earnings are both strong and in the bank. The extremes are only in the indicators. While we are getting closer to being set for a move at the end of the year, the election still needs to be checked off of the list. We saw a rebound, but it was no reversal. I have seen reversals, and I know reversals. This was not one. Now, perhaps it could have worked its way into a reversal over the next few sessions. Gross domestic product (GDP) was stronger than expected, and the growth rate was the strongest ever at 33.1% -- consumption, inventories and investment were all strong. So were imports. While they subtract from GDP, they are another indication of how strong demand is. Jobless claims fell to 751,000 and continuing claims dropped to 7.75 million from 8.465 million. The data are laying the foundation and showing that the recovery is strong enough to weather a jump in the number of coronavirus cases. It might even endure a "black winter" brought on by the risk of near-certain survival for the vast majority of people who come down with the virus. Hey, a bit of humor is appropriate at these times. You have to laugh or cry. The big names produced big results, but the reactions were not commensurate. The foundation has been laid, but the big after-hours earnings, while big, were not going to drive the NASDAQ and S&P 500 sharply higher on the day before Halloween. Google’s results were monstrously strong, and its stock is holding a big gain. Facebook crushed, but its Q4 guidance was sort of weak. After a 10-point drop, it moved back to flat and then faded again. Amazon crushed earnings and blasted higher to over $3,300 -- only to roll over and fall to around $3,165. Apple missed on iPhones as people are waiting for the iPhone 12, but that excuse is not enough to avoid the investors who were angered by getting a trick versus a treat. Apple was off five-to-six points afterhours. Twitter missed on user growth and is getting a rock in its treat bag. It was off eight points, or 15%, after-hours. Conference calls are still to come, so we will see if things improve or worsen. As of the early evening, Dow futures were -200, the S&P 500's were -32 and the NASDAQ's were -148 in the aftermath of the Amazon and Apple weakness. Technical Analysis: NASDAQ: It gapped a bit higher, rallied up through the 50-day exponential moving average (EMA) and then slid into the close, fading just below that resistance. Since it had lower volume, it could not move through its resistance. A large part of the problem is that, since the big names across the board are not moving through their respective resistance after-hours outside of Google, the NASDAQ will be hard-pressed to avoid a further test lower. The next support is at 10,750 (given that the index closed at 11,185). S&P 500: It rallied, but only made it to the Wednesday lower gap point and then faded to a modest gain. It did not quite test the September low on Wednesday, and with futures, it looks as if the S&P 500 is going to take a look toward that level again. NOTE: The figures and information above are from the 10/29 report. [Watch the Investment House Video For This Week Here!]( NOTE: The video is from the 10/28 report. [Forget the Election Chaos... Read THIS Instead]( There's no certainty to the election. The U.S. may not know the winner for weeks, even months. There's no "Fail-Safe." Fortunately, there is one -- when it comes to your money. As top-ranked trader Jim Woods reports, "Everyone wants to see their money GROW during bull markets... and be assured it's completely SAFE -- not losing a cent -- in down markets." So, no matter what happens come Nov. 3, you owe it to yourself to give Jim's "Fail-Safe" method a quick read. [Click here for his findings](. [CLICK HERE...]( 2. Targets Hit Here is one completed trade from Investment House Daily, offering insights into our trading strategy and the target that we have hit this week: Match Group Inc. (NASDAQ: MTCH): Sometimes you have to let a position work a bit to make it work. MTCH was one such case. After the September selling, MTCH set up a short double-bottom-with-handle base through early October. It broke higher to start October, made a quick test and then started back upside. We put it on the report as it made that test. On Oct. 5, MTCH broke upside. At this point, we moved in and picked up December $115 call options for $10.70 when the stock price was at $113.93. MTCH moved higher into Oct. 8, opened well before that session and then lost its momentum. It faded over the next week to test the 50-day moving average (MA) and bounced off of that level twice intraday. With that action at the 50-day MA, we left it to work. Sure enough, MTCH resumed the upside by the middle of the month. MTCH posted seven of nine upside sessions and hit our target with a nice strong surge upside on Tuesday. We then sold our options for $16.35 and banked a gain that was just over 50%. It needed a bit of time to work, but it showed good action at its level of support. As a result, the buying at the support ultimately sent MTCH upside. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( There were no targets hit in Technical Traders Alert this week as the market is testing back ahead of the election. [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( There were no targets hit in Success Trading Group this week. Still, 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!]( [Explosive Profits in 2020 and Beyond – Even in Volatile Markets]( My “5 Tips for Overcoming Market Volatility” can make you great returns in both good -- and volatile markets. No tricks or gimmicks. Just life-saving information you can use to protect and grow your money, regardless of market conditions. [Click here now]( and I’ll send you my “5 Tips for Overcoming Market Volatility” eBook and reserve a seat for you at my LIVE online training, so you can learn how to skyrocket your profits. [CLICK HERE...]( 3. Pick of the Week CLF (Cliffs Natural Resources--$7.98, -0.37) EARNINGS: 01/22/2021 STATUS: Flag. CLF is testing the second leg higher from a late September jump up off of the 200-day simple moving average (SMA). It is coming back to near the 20-day EMA, where it held at the same time that it was making the test of the first leg higher during the middle of the month. As it has shown three dojis on the way down, CLF may want to test a bit more before it puts in leg number three. However, it is also near the top of that first leg higher. This means that we want to be ready to move in when CLF makes a new break upside. We want to move in on a break upside through the entry that holds the move. A rally to the target will give us a 20% gain on the stock and an 85% gain on the options. VOLUME: 10.158M Avg Volume: 11.171M ENTRY POINT: $8.08 Volume=12M Target=$9.69 Stop=$7.59 POSITION: CLF JAN 15 2021 8.00 Calls -- (59 delta) &/or Stock [To see the chart for CLF, 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 Niu Technologies (NASDAQ:NIU) -- Niu Technologies is currently trading at $27.95. The Dec. 19 $30 Calls (NIU20201219C00030000) are trading at $2.35. That provides a return of about 18% if NIU is above $30 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]( [Technical Traders Alert]( [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. 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