Weekend Wrap Up for 05/21/2023

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 05/21/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [This Could Be The Most Profitable 9 Minutes Of Your Life]( A former Chicago lawyer is setting the investing world on its ear because he's developed a way to collect instant cash payouts of $410… $950… $1,050... and even $1,300 from the stock market... over and over again. Best of all, it only takes 9 minutes each week. [See his program for yourself here.]( 1. Market Summary [Jon Johnson] Stocks Extend the Break Higher - Stocks extend the break higher with S&P 500 taking out the February high. - Fed-speak re a June non-pause fails to tame the upside. Has the Fed unleashed the opposite of what it wants? - Philly Fed bad, LEI bad, existing home sales not horrid. - More stocks turning upside to follow the leaders. - Expiration, big moves, maybe some profit taking Friday. The stock indices are jumping higher with some excellent surges from S&P 500, Nasdaq, Nasdaq 100 and the PHLX Semiconductor Sector (SOX) surging higher. DJ30 not bad but definitely lagging, while S&P 400 and Russell 2000 (RUT) up just a bit more than the Dow with RUT breaking up through the 50-day exponential moving average (EMA). The change of character displayed by SOX on Monday and the refusal to sell off on negative news before that foreshadowed these moves that turned beleaguered sectors higher and leading sectors lower. It would appear the Speaker McCarthy cave triggered the move that was set. A definite switch from defensive to growth. NOTE: The figures and information above are from the 5/18 report. [Watch the Investment House Video For This Week Here!]( NOTE: The video is from the 5/17 report. P.S. Come join me and my Eagle colleagues on an incredible cruise! We set sail on Dec. 4 for 16 days, embarking on a memorable journey that combines fascinating history, vibrant culture and picturesque scenery. Enjoy seminars on the days we are cruising from one destination to another, as well as dinners with members of the Eagle team. Just some of the places we’ll visit are Mexico, Belize, Panama, Ecuador and more! [Click here]( now for all the details. [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 Investment House Daily: Palantir Technologies Inc. (NYSE: PLTR): With SOX breaking higher, the market made a notable character change on the week. Yes, the large Nasdaq stocks held up all along, but they were doing so for several reasons, not just growth. When SOX broke higher, however, the importance of this group to the market overall could not be ignored. Thus, we were looking for some stocks with good patterns that were ready to move with the renewed bullish sentiment. PLTR was perfect. A stock we have played many times before, PLTR set up a three-month cup-with-handle base from mid-February, gapping higher the second week of May, clearing the 200-day simple moving average (SMA) and the 50-day moving average (MA) as it made that gap. PLTR rallied to the February peak that started the base, fading back into Tuesday of this week, forming a handle as it tested the rising 10-day EMA. On May 17, PLTR started upside off the 10-day EMA test. We issued the buy alert to enter the stock trading at $10.07 on the ask, along with August 18 $10 call options trading at $1.30 on the ask. PLTR wasted no time, continuing higher that session, and then surged higher Thursday with a big 14.5% gain. That move hit our initial target. We issued the alert to sell half the stock that was trading at $11.75 on the bid, banking 16%. We also said to sell half the option position that was trading at $2.45 on the bid, a solid 88% gain. The rest we are letting run to see if PLTR can fill some gaps from back in 2022. We also banked a gain in the following position: Truist Financial Corp. (NYSE: TFC): 37.50% gain in the last part of our option position as the regional banks started to short squeeze higher. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: C3.ai Inc. (NYSE: AI): A newer tech with the stocks in the group showing volatility ... and good moves. We have scored on AI before, and we were ready again as the market sentiment improved big time and AI came off a nice test of the 200-day SMA. We always like turns up from the 200 day SMA, as they show solid support for a stock from the big players, and then they tend to buy more at that level and then as it rises. Everyone else piles on and we make great money. AI made the more definitive move off the 200-day SMA on Monday, May 15, breaking upside through the 50-day MA. Tuesday the stock tested back, and we were ready. Wednesday it started higher again, and we issued the alert to buy the stock trading $24.87 at the ask. AI closed that session at $26.95. The next session, AI started higher again, hitting our initial target. We sent the alert to sell half the position with the stock trading at $27.40 on the ask, a solid 10.17% gain. We sold half because AI has a gap at 33.87 to fill from early April when the stock gapped lower off a breakout to a new recovery high. That leaves a prime target to fill in a more bullish market -- with substantially more gain in the bank. We also banked gain this week on the following positions: ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD): 8.3% gain in the stock. Palantir Technologies Inc. (NYSE: PLTR): 8.5% 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!]( [The Convergence of A.I. and A Recession?]( Why wait for the future, when forecasting trends with up to 87.4% proven accuracy is at your fingertips right now? [See the A.I. in Action [Free] Right Here >>]( 3. Covered Call Options Play Mayville Engineering Company Inc. (NYSE: MEC) -- Mayville Engineering Company Inc. is currently trading at $12.19. The June 16 $12.50 calls (MEC20230616C00012500) are currently trading at $0.45. That provides a return of about 10% if MEC is above $12.50 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](. 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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