Weekend Wrap Up for 04/02/2023

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 04/02/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [How He Bagged One Of The Top Trading Records…]( A reclusive millionaire has been quietly racking up winning trade after winning trade. Despite avoiding most headlines, he's become one of the most successful traders around - over the last 8 years, he's banked a 97% win rate. How does he do it? He sat down for a rare interview where he revealed it all. [Click HERE to see how he's done it…]( 1. Market Summary [Jon Johnson] The Upside Continues - The upside continues for the large-cap indices with gaps to doji - Big Nadsaq names and precious metals continue their strange relationship - Market ignores a plethora of negatives because... the Fed is back to the liquidity supplier of last resort - Banks are reporting bank run phase two is on, and bank patterns show they are not so "sound and resilient" - Small-caps whispering in the market’s ear: all glory is fleeting -- especially when the news is this bad - Still looking at specific upside, as some really nice downside setups emerge once again On Wednesday night, I posited there no longer were real markets where price is ascertained by buyers and sellers gleaning knowledge and placing their orders. The Fed has expanded its powers, the Treasury as well, to the point the Fed is the designated market backstop. As soon as trouble started, the Fed ratcheted down its inflation fight and backdoored a reinflation of its balance sheet. NOTE: The figures and information above are from the 3/30 report. [Watch the Investment House Videos For This Week Here!]( NOTE: The videos are from the 3/29 report. [Collect a SECOND INCOME Up to 40 Times Bigger Than You Can Get with a CD or Money Market!]( One of the most successful trading systems ever developed delivers “weekly dividends” of 3.3% on average. Veteran trader Jon Johnson invests in short-term stock trades, lasting one to two weeks, with amazing accuracy. Over the past 14 years, his “weekly dividend” trading system has seen a win rate of 94.8%. Best of all, his approach works whether you invest $500 or $5,000. [Click here to find out MORE.]( 2. Targets Hit Investment House Daily: Rambus Inc. (NASDAQ: RMBS): RMBS is a perennial winner in the chip sector, and when we saw it setting up from February into March, using the 50-day moving average (MA) as support, we were ready to move in when RMBS started to break higher from that pattern. Indeed, the pattern formed a shallow inverted head and shoulders with two shallow dips bracketing a middle deeper dip. The Japanese from several hundred years back called this the "three rivers" pattern. We saw RMBS bumping up at the top of its pattern mid-March. It slid laterally a couple of days then broke higher on March 21. That was our entry signal, and we issued the alert to enter the play with August $45 call options trading on the ask at $5.40. RMBS closed higher that session and then ... moved laterally for four sessions, dipping Tuesday this week to the 50-day simple moving average (SMA). That was just a test to rattle and shake out some holders. It worked. The next session RMBS started higher then surged on tremendous volume. Nice, strong breakout. Thursday, another strong move, +5.9% on even stronger volume. That move took RMBS to our initial target. Playing our plan, we issued the alert to sell half the position with the options bidding $8.39 and a 55% gain. The rest we left on the table, as this is a strong breakout and we could get a double on this one with another sharp session or two upside. We also took gain on the following position: Fastly Inc. (NYSE: FSLY): 13.35% gain in the stock, 45% gain in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: As usual, we were patrolling the market for stock patterns in the right sectors (e.g. precious metals, defensive health care), patterns ready to "turn the corner" as we like to say in the Rapid Profits world. One we had on the list was Omeros Corporation (NASDAQ: OMER), a stock we have played to our advantage before. OMER gapped over the 200-day SMA in early February, altering the stock’s character after a multi-month decline. After that move, OMER drifted higher for a few sessions and then started to test. We put it on the list and watched for the setup. It took quite a while -- to late March. But it was a constructive period, with OMER falling to the merged 50-day MAs and the 200-day SMA. After working laterally almost five weeks, with a volatile few days here and there, OMER started to move up from that convergence of support. We saw it start to bounce on Friday, March 24, so we were ready on Monday if OMER continued the move. It did. On Monday OMER broke higher, and we issued the alert to enter with the stock trading at $3.99 on the ask. The timing was excellent. OMER finished higher that session. Then, on Tuesday, OMER added some more upside. Thursday OMER shot higher, hitting our target. We issued the alert to sell with the stock trading at $4.39 on the bid, a solid 10% gain. Next session OMER gapped slightly higher and reversed -- we will see if it can give us a new entry after a short pullback and we can run the play again. Now is a good time to become a member of Rapid Profits Stock Trader. 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!]( [Claim your seat to the most important active trading and investing event this Spring]( We hope you’ve cleared your calendar for April 17th through the 22nd because you are invited to join 60+ of the industry’s leading trading and investing minds that week at the Wealth365 Summit as we share our top actionable strategies, market predictions, and unique insights for this spring! If you want to cut through the noise and learn specifically what you need to know to trade or invest this spring, you cannot afford to miss this Summit! Don’t miss out, [reserve your seat here!]( 3. Covered Call Options Play Beazer Homes Usa Inc. (NYSE: BZH) -- Beazer Homes Usa Inc. is currently trading at $14.78. The May 19 $15 Calls (BZH20230519C00015000) are trading at $0.95. That provides a return of about 9% if BZH 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. 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