Weekend Wrap Up for 05/07/2023

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 05/07/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Target 15X AI profits]( Nick Black here - and I'm targeting four small AI moves that you've never heard of: each targeting 10-15X gains over the next year. Artificial Intelligence is set to completely upend our entire way of life. And usher in $27 trillion in new wealth over the next three years. It's time for you to figure out your strategy. [Get on the bandwagon]( 1. Market Summary [Jon Johnson] Banking Issues Hold Sway - Banking issues hold sway over the action. - Banks fall, small-caps and mid-caps struggle, but Nasdaq, Nasdaq 100 still show relative strength. - Precious metals continue showing bids as the Nasdaq mega-caps paused ahead of Apple. - Apple launches a new $90 billion stock buyback -- the start of likely many such announcements. - We will see if an Apple morning pop holds with the non-farm payrolls. Stocks were down post-Federal Open Market Committee (FOMC) and Powell on Wednesday, and they continued lower at the open and through the day Thursday. That said, the indices did bounce off the session lows to close, showing very similar action to Wednesday with the lows hit mid-morning followed by a slow recovery the remainder of the session. That kept losses modest for the most part, though the mid-caps were spanked with a 1.69% loss and the small caps dropped 1.18%. NOTE: The figures and information above are from the 5/4 report. [Watch the Investment House Videos For This Week Here!]( NOTE: The videos are from the 5/3 report. [Bear Market? No Problem. Here’s How to Thrive Regardless]( The market’s been tumbling all year long, yet I’m still routinely locking in profitable trades. It all has to do with two powerful indicators that allow me to track the flow of money within the stock market. In fact, I’ve used these two indicators to stack cash in every bear market I’ve ever faced - and they’ve never failed me. [Click here for more information.]( 2. Targets Hit Truist Financial Corp. (NYSE: TFC): In addition to playing continuing upside moves in gold and materials, we also like the downside, particularly when there is a specific reason. The regional banking issues that are arising from the "sound and resilient" banking system provide a great opportunity for quick profits. These stocks started down hard the first half of March, but found some support and many tried gamely to hold the line as the Treasury and Fed told everyone on multitudinous occasions that there was absolutely nothing wrong with banks, any issues were contained and you should just forget about it. The market appeared to do so even as we warned that as sure as the sun rises, more banks would fail and the stocks would fall again. Accordingly, as TFC tried to work back upside we saw it hit the 20-day exponential moving average (EMA) and then spend several sessions at that level, trying to get through. It did break higher, but immediately fell the next session. That was our cue to enter. We issued the alert to enter June $35 put options trading at $4.40 on the ask. TFC sold lower over the next three sessions, but did not really cut loose. Indeed, TFC bounced up to the 20-day EMA once again as of Monday. At that point, however, the upside strength fizzled. TFC closed slightly lower that session then dropped hard Tuesday. It sold again Wednesday, hitting our initial target. We issued the alert to sell half the position that was bidding for $7.40 and a solid 68% gain. Thursday TFC gapped lower and sold from there. The stock sold to another support level from way back in 2020. It started to hold so we issued the alert to sell another half of the position with the options bidding $8.90 and providing a nice 100% gain. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: Cemex SAB de CV ADR (NYSE: CX): Materials continue their strong trend despite weakening in several key economic areas. If the patterns are there and are working, then you play the patterns and let the data catch up at some point. With respect to patterns, CX certainly set up well. After a break to a higher rally high mid-April, CX moved laterally and slightly lower in a tight range, fading in a very orderly fashion to test right at the 20-day EMA that sat exactly on top of the prior base. CX held there for a few sessions, we were ready, and on April 26, when CX broke higher once more, we issued the alert to buy with the stock asking $5.89. When a stock is putting in these kind of clockwork breakouts and tests, you anticipate a play will work like ... clockwork. That is precisely what CX did. It marched higher the next four sessions, shooting upside Tuesday, May 2. That propelled CX to our target, and when we saw the move that day starting to flag, given it was up for sessions and showing a big climactic move, we issued the alert to sell with the stock bidding $6.49. That produced a solid 10+% gain. Now we wait for CX to test this move, and if it sets up again, we will play the next break higher again. We also banked gains in the past week in the following positions: Harmony Gold Mining Co. (NYSE: HMY): 8.7% gain in the stock. Seabridge Gold Inc. (NYSE: SA): 6.97% gain 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!]( [Surprise Yourself, Predict Trends with A.I.]( Imagine a trading tool powered by A.I. to help you search, pick and predict stocks 1 - 3 days ahead with up to 87.4% proven accuracy. Because risking your money without the best trading tool in the market is no way to start the year. [Count Me In - >]( 3. Covered Call Options Play Doximity Inc. (NYSE: DOCS) -- Doximity Inc. is currently trading at $34.33. The June 16 $35 calls (DOCS20230616C00035000) are currently trading at $2.75. That provides a return of about 12% if DOCS is above $35 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]( [Rapid Profits Stock Trader]( [Stock of the Week]( To ensure future delivery of Eagle Financial Publications 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 Investment House Weekend Wrap Up. To unsubscribe please click [here](. 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