Weekend Wrap Up for 08/13/2023

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 08/13/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Elon Musk's "Project Omega" Could Be A Golden Ticket To Wealth]( Tesla, SpaceX and Paypal... These are three of Elon Musk's greatest innovations... But what most people don't realize is, Musk recently flipped the switch on a new innovation... One that is on track to be bigger than SpaceX, Paypal and Tesla combined... In fact, The CEO of Google went as far as saying that core behind this innovation is "more profound than fire, electricity, or the internet” [Learn all about it here.]( 1. Market Summary [Jon Johnson] - Consumer Price Index (CPI) cooler and hotter. Market rallies early, then pitches it away. - Mixed close as stock indices surge and purge, holding at the same support. - More than just CPI: Bank Term Funding Program (BTFP) usage increases, sloppy 30-year treasury auction, hardship retirement loans surge. - With the Strategic Petroleum Reserve all but drained, Biden strikes a deal with Iran. - Weak intraday action, but stocks hold the same support -- will the Fed be needed to goose the upside from here to keep the rally going? Futures showed no CPI fear, as DJ30 and Nasdaq boasted premarket gains well in excess of 100, 200 for the Dow. The CPI came out hotter and colder, stocks hesitated, up then down but holding their gains into the open. NOTE: The figures and information above are from the 8/11 report. MARKET VIDEOS [Watch them here!]( NOTE: The video are from the 8/10 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: Arhaus Inc. (NASDAQ: ARHS): Nice, steady gains in a volatile market are always a plus. After the great run higher into July, the market was a bit overdone and needed a deeper test. Still, this market that is juiced by "emergency" bank funding via the Federal Reserve and bond buying to keep rates from shooting higher, continues to produce new leadership groups and stocks as the excess capital pushes into stocks. Retail is an area producing winners in some of its segments, and when we saw ARHS, an eclectic home furnishings chain, set up a cup with handle base from March into July, we were, of course, ready to make the play. ARHS broke higher the second week of July, clearing the handle in the base that formed just over the 200-day SMA after it gapped over that level almost two weeks earlier. We let the initial break make its move, and readied for a test -- when the market gets a bit overdone, we like to see if a breakout holds. A test of the breakout that then resumes the move is a nice "proof" of the breakout. Thus, when ARHS broke higher on July 17, it showed that new buyers were entering even at a higher price than the breakout -- there you go. We issued the alert to enter with the stock trading at $11.24. We liked the potential return on both the stock and options and thus the alert gave the entries for both. The stock ask was $11.24, as noted, and the August $10.00 call options were asking $1.67. ARHS rallied off that entry alert for a few sessions, then tested that move back to the 10-day EMA and 20-day EMA. All the while, ARHS continued to move higher, putting in higher lows at the near support. After a test of the 20-day EMA with a doji with tail on Aug. 8, ARHS gapped higher the next session, touching our initial target, a fill of the gap lower from March that started the base. We issued the alert to sell stock bidding $12.76 and options bidding $2.72 for a 13.5% and 60% gain, respectively. ARHS is now testing that break higher, and if it holds a test of the near support again, we anticipate another break higher to try and move through that gap zone. If the conditions and numbers are right, we can play that move as well. Another play where we banked a gain: Diamond Offshore Drilling Inc. (NYSE: DO): 25% gain in the stock. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( [Ultra-Rich Love These Forecasts Outperforming the S&P]( Since the late-1980s, VantagePoint has continually perfected its artificial intelligence to help you find market reversals (with up to 87.4% proven accuracy.) [Attend Our Live (free) A.I. Market Training >>]( 3. Covered Call Options Play Vertiv Holdings Co. (NYSE: VRT) -- Vertiv Holdings Co. is currently trading at $33.87. The Sept. 15 $35 calls (VRT20230915C00035000) are currently trading at $1.45. That provides a return of about 8% if VRT 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. 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