Weekend Wrap Up for 07/30/2023

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 07/30/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Socialism Unleashed On America?]( Elon Musk just flipped the switch on a piece of tech that I can only describe as a "trojan horse"... On the surface, this tech is set to improve society at large... The Bank of America even says, "It could revolutionize the world." And sure enough, I believe it will; there's no doubt about that... But at the same time, this tech is set to decimate our capitalism... and silently plant the seeds of socialism in America. [Click here to learn why.]( 1. Market Summary [Jon Johnson] 1. Market Analysis - Stocks surge across the board then roll over hard ... except the PHLX Semiconductor Sector (SOX). - Big intraday reversals after new breaks higher -- some of the poorest upside action you can get. - Gross Domestic Product (GDP) beats, durables beat, pending home sales fall again. - 10-year bond yield screams higher as yield curves flatten significantly. - Overstretched stocks start to pull back with some sharp reversals. - Is the credit bubble starting to come home? Even if it does, the Fed will buy it off. - Personal Consumption Expenditures (PCE) can play the spoiler ... either way. - Regardless of the data, the Fed is likely not at the point it will let the stock market fall and bond yields blast higher. Earlier in the week, I opined the PCE release would market the point the market started to pull back from this sharp rally. DJ30 took off 200+ points, Nasdaq 200+ points on a stronger GDP with a lower PCE component, solid durables orders, passable pending home sales (really? Down 24 of 25 months?), and Meta’s earnings propelled futures higher and into the regular session open. Another good move then stocks faded to test the move into mid-morning. No issues as futures held with a short double bottom and rallied into early afternoon. NOTE: The figures and information above are from the 7/27 report. MARKET VIDEOS [To watch them, click here!]( NOTE: The videos are from the 7/26 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: As the market upside continued and the indices became more stretched, we were banking gains. As is often the case after strong moves, as an index or stock becomes extended on the move, you note changes. The rally turns from a solid burst higher followed by steady rises and falls over near support (typically the 10-day and 20-day exponential moving average (EMA)), to larger individual surges higher along with sharp individual drops. The moves can be large up .. and growing on the downside. What does that show? The sellers are starting to enter the move with some profit-taking, along with the short term short sellers taking advantage of an extended move. This past week, we saw that with DJ30 putting in an impressive 13 upside sessions before it was hit with a loss. Stocks surged Wednesday then were monkey-hammered Thursday as bond yields surged -- but not before surging early in the session. A huge day of intraday volatility as well as day-to-day volatility. Central banks got the word out, the BOJ "tweaked" its yield curve control in a non-hawkish manner, bond yields fell, stocks surged again. Well, as noted, we anticipate that increased volatility by knowing how far the indices and stocks can rally based upon the number of bounces up from the short term support following a breakout. With many of the early moves extended, we were banking gains as we did the week before. That way, when stocks peak out a move, you are already lighter in your positions, having taking partial profits on the way up at logical resistance points after one of the upside bounces in the rally. Kohl's Corporation (NYSE: KSS): We banked a 15% gain in the stock, 49% gain in the options Oceaneering International, Inc. (NYSE: OII): Banked a 10% gain in the stock, 30% gain in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: Oil States International Inc. (NYSE: OIS): After a peak in March, OIS fell into a base, marked at the lows from May through June by an inverted head and shoulders pattern. Ever since 2009 and that low, the pullback to an inverted head and shoulders has led to strong gains for us. It still works to this day because ... even as the Fed’s quantitative tightening (QT) continues, it makes liquidity available, most currently using the "emergency" banking facility. In any event, we saw this pattern set up and OIS broke upside through the 200-day simple moving average (SMA) in late June. OIS, as if typical, faded to test that break. When the stock came up off that test we were ready. We issued the alert via email and test to enter OIS stock when it was trading at $8.21 on the ask. From there, the stock proceeded to rebound, rallying to our target, hitting it on July 24. We issued the alert to sell the position with the stock bidding $8.98, a solid 9.38% gain. All we did was capture the move from a pullback to test the breakout from the inverted head and shoulders. As it turned out, as anticipated, that peak high on July 24 was the top of that particular rally leg as OIS faded off that peak then gapped lower Thursday on earnings. 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 Travelzoo Inc. (NYSE: TZOO) -- Travelzoo Inc. is currently trading at $6.96. The Aug. 18 $7.50 calls (TZOO20230818C00007500) are currently trading at $0.10. That provides a return of about 14% if TZOO is above $7.50 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](. 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