Weekend Wrap Up for 06/25/2023

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 06/25/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( [Your Invitation to the Most Important Active Trading and Investing Event of the Summer]( As companies continue to make AI-related layoff announcements, it's more important than ever to invest in skills that will provide independence and financial stability. Join us and 60+ trading and investing experts at the upcoming July Wealth365 Summit from July 10th-15th. With the bank crisis still topping headlines and the housing market signaling a slowdown, there is no better time to join the Summit and equip yourself with the tools you need to protect and manage your finances. [Reserve your seat here.]( 1. Market Summary [Jon Johnson] Plenty of Good Setups - On the fourth day, techs started to rebound. - Plenty of good setups in the market. After the fade, will they follow the leaders once more? - Some big houses still calling for a selloff, but this far the technical action and pattern setups are bullish. Pullback day 3.5. Day one of the rebound? Chairman Powell was delivering day two of his congressional testimony and stocks were once again lower, now for a fourth straight session. NOTE: The figures and information above are from the 6/22 report. MARKET VIDEO [Click here to watch this week's video.]( NOTE: The video is from the 6/21 report. P.S. I am pleased to announce that I will be speaking at the next Wealth365 Summit. This is the largest online wealth summit in the world, and the event is from July 10 – 15. There are 60+ speakers presenting that week, and I will be one of the speakers for the event. [Click here]( to learn more and register. P.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: NVIDIA Corp. (NASDAQ: NVDA): NVDA gapped sharply upside on its earnings, too big of a gap to chase until we saw how the stock handled the surge. What we like to do is what I call counterpunch after an earnings move -- up or down. NVDA’s gap was a powerful, breakaway gap. Those gaps tend to rise a bit more and then consolidate laterally before resuming the move higher. Thus, we were watching for the consolidation and a good point to enter to catch the next move higher and to let the options volatility die down so we capture a better gain. Sure enough, NVDA started to test into June, coming back to test near support at the 10-day exponential moving average (EMA). On a big gap, the 10-day EMA will often be the catalyst for the next move higher. Thus, on June 9, when we saw NVDA break upside, we issued the alert to buy September $395 call options trading at $42.07 on the ask. NVDA moved steadily higher ahead of the 10-day EMA. The Federal Open Market Committee (FOMC) was due to issue its decision on Wednesday, June 21. A nice rally off the gap test, the overall market showing a solid move as well, ripe for a bit of upset if Chairman Powell did not tap dance well enough. We opted to take part of the gain so we issued an alert to sell half the position with the options bidding $58.75. That produced a very decent, defensive 39+% gain, and now we are letting NVDA test with the market. We may get us a new entry out of this test as well. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: SoundHound AI Inc. (NASDAQ: SOUN): SOUN is considered one of the artificial intelligence (AI) stocks, so, of course, there was interest in the stock. That said, the interest was somewhat muted versus other AI stocks -- SOUN was working in a five-month base after peaking at $5.00 in February. We like quiet -- the quiet before the storm. Stocks will work through a base under accumulation, not making much movement other than sideways. What we do is evaluate the pattern and determine when the stock is near the breakout point. Then we put it on the play list and are ready to make the trade when the stock moves. SOUN was working through its base when it tapped down to the 200-day simple moving average (SMA) and held, putting in a higher low. Quiet trading on the dips, a bit better volume on the rises. SOUN then made a break over the April highs in the base. We let SOUN test the break higher, then when it started back up, we issued the alert to buy the stock with the ask at $3.18. SOUN moved a bit higher but then dipped into early June. It held near support and then started back up off a new higher low. The stock steadily moved higher into this week, surging upside on June 20. That took SOUN to a gap point from back in February, and we issued the alert to sell the position as the stock bid at $3.91 and a solid 22.9% gain. 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!]( [We Called (MSFT) In Advance… What’s Next?]( There are thousands of Stocks, Futures, ETFs and Crypto to trade...and the list goes on and on. But only one tool to [learn the best time to enter trades before they takeoff >]( 3. Covered Call Options Play Rambus Inc. (NASDAQ: RMBS) -- Rambus Inc. is currently trading at $59.06. The Aug. 18 $60 calls (RMBS20230818C00060000) are currently trading at $3.70. That provides a return of about 9% if RMBS is above $60 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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