Weekend Wrap Up for 04/16/2023

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 04/16/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( [Turn $2K into $10K in Just 90 Days Trading the SPY]( For a full week, from 9:15 to 10:30 a.m. Eastern Time, April 17-21, 2023, you can watch, learn and ask questions as two master traders demonstrate LIVE how they bank $300 to $1,000 daily trading options on the S&P 500 Index (SPY). The free “DaytradeSPY Trading Room Open House” is part of the duo’s money-making challenge - to turn $2,000 into $10,000 in just 90 days. The LIVE Open House won’t cost you a penny to join but spaces are limited. [reserve your FREE spot here!]( 1. Market Summary [Jon Johnson] PPI even milder than the CPI as businesses perhaps get a respite - PPI even milder than the CPI as businesses perhaps get a respite. - NASDAQ names and mining stocks rally as the strange bedfellows continue their affair. - Some indices work very well, others vote present. - Retail sales premarket is the next big report, but it would need to be a very unexpected result to derail the bounce. Thursday the data showed even less inflation for the producers as PPI came in negative for both the overall and core (-0.5% and -0.1%, respectively). Falling faster than consumer prices and thus businesses perhaps getting a bit of relief with some better margins. Business concerns or not (it should be – earnings used to drive stock price), the market took a shine to the reduced pricing and the improved odds of fewer or no more Fed rate hikes. Indeed, GS has said that post-CPI it does not expect a June hike. Futures rallied, and this session, with no FOMC minutes to splash ice water on the rally, stocks held the gain. They rallied to 2:00ET then managed to hang on to the gains into the close. SP500 bolted past its highs of the past two weeks. DJ30 surged, now closing in on the top of its prior range. NASDAQ and NASDAQ 100 were decent enough, though still below the late March highs. SOX, SP400, RUTX and DJ20 were various shades of disappointing. Most were higher, just lacking pop. DJ20 was lower; despite DAL forecasting a profit to come this summer based upon advanced bookings, the group still struggled, dragging the index lower. NOTE: The figures and information above are from the 4/13 report. [Watch the Investment House Videos For This Week Here!]( NOTE: The videos are from the 4/12 report. [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!]( 2. Targets Hit Investment House Daily: A solid range of sectors are moving higher, but most share a common theme over the past weeks (though that may be changing now): defense. From mega cap techs that are now considered too big to fail just as the mega banks to personal products, to drugs to precious metals. We are dipping into all of these and banked some nice gain on the week. Amazon.com, Inc. (NASDAQ:AMZN): 73% in the options. Meta Platforms, Inc. (NASDAQ:META): 27% in the options. McEwen Mining Inc. (NYSE:MUX): 24.6% in the stock, 63.4% in the options. Omeros Corporation (NASDAQ:OMER): 40.8% in the stock. The Procter & Gamble Company (NYSE:PG): 48% in the options. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Technical Trader: Strange bedfellows. That is how I styled the past month in the market. You have mega cap NASDAQ stocks attracting money even as fears about the economy and banking system swirled. Of course, when you have inflation and economic issues, precious metals miners work. The fears of a banking meltdown appear to be dying down right now, but I am concerned it is a false sense of recovery. Whether it is or not, however, the patterns are telling the story and we play the patterns. Thus, we have gains in big techs as well as in precious metals, and we took the following gains this past week: Apple Inc. (NASDAQ:AAPL): 39.8% in the options. Barrick Gold Corporation (NYSE:GOLD): 70% in the options. Alphabet Inc. (NASDAQ:GOOGL): 21% in the options. Meta Platforms, Inc. (NASDAQ:META): 45.5% in the options. [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Rapid Profits Stock Trader: A good return in stocks from the ‘harder’ side (e.g., metals, materials) as well as continued life in more defensive areas such as drugs. This suggests a market transitioning from fear to upside focus. Our plays put that to good use. We banked gain on the following plays: CEMEX, S.A.B. de C.V. (NYSE:CX): 11.36% in the stock. Omeros Corporation (NASDAQ:OMER): 11.07% in the stock. Western Copper and Gold Corporation (NYSE:WRN): 8.29% in the stock. 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!]( [Will This Simple Tool Dominate the 2023 Markets?]( Your trading becomes more efficient when you know where to look. [Join us Live in this Free Class]( and learn how to transform the way you trade, protect your capital, and find better trading opportunities. 3. Covered Call Options Play Aehr Test Systems (NASDAQ:AEHR) -- Aehr Test Systems is currently trading at $29.16. The May 19 $30 calls (AEHR230519C00030000) are currently trading at $2.74. That provides a return of about 12% if AEHR is above $29.18 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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