Weekend Wrap Up for 08/20/2023

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 08/20/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Is This the End of AI?]( In as little as three months from today, a new Artificial Super Intelligence is set to launch. It's already 54% complete – and moving fast. This new AI could be thousands of times faster than ChatGPT and could push big tech stocks to double or triple over the next few years. [Click here to learn how to prepare for what's ahead.]( 1. Market Summary [Jon Johnson] - Stocks fail an early bounce, rebound solidly, but then get hammered - All but DJ20 now below the 50-day moving averages (MAs) - Late June pullback lows are the next key level, as various indices may use that to bounce and form head-and-shoulders patterns - With BRICS confab approaching, the players are making deals with one another to show the rest of the world how "great" BRICS is - 10-year bond hits 4.3% - Bitcoin flash crashes $2,000 afterhours - Put/call ratio a bit overdone upside near term - Several scenarios for expiration and into next week regarding the selling, near term bottoms, bounces, seasonal issues Some more downside into the European close led to a bounce. Aha. A break of the 50-day MAs by some indices, DJ30 and DJ20 testing that level. Perfect place for a bounce, and stocks did just that. Nice rebound into midday to early afternoon off intraday double bottoms for PHLX Semiconductor Sector (SOX), Nasdaq and Nasdaq 100. Very positive. NOTE: The figures and information above are from the 8/17 report. MARKET VIDEOS [Watch them here!]( NOTE: The videos are from the 8/16 report. P.S. Come join me and many of my Eagle colleagues on an incredible cruise. If you book before Sept. 29, you’ll receive a spend-as-you-wish $250 ship board credit! In addition, this is all-inclusive — meals, drinks and even the excursions are included in your one-time price! 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. Target Hit Investment House Daily: Cemex SAB de CV ADR (NYSE: CX): CX has given us numerous plays since it turned the corner in late 2022, forming a double bottom-with-handle pattern after a year long decline. We really love catching stocks that turn from downtrends to uptrends, particularly when the set up a well-defined bottoming pattern. After CX did this, we played the move in late 2022 and then started a whole new group of plays from January 2023. That breakout started CX on a rally that remains ongoing today -- though it may be getting a bit winded. CX utilized the 50-day MA again and again as support to launch new moves. Some of them yielded fast initial results and then added even more gains on our remaining play positions as it steadily marched higher. One of those plays started in June. CX faded to test the 50-day MAs and started to work laterally, hugging the support. A tepid move started higher, but had no strength; nonetheless, we were ready to move in when it did makes its move. Right after, CX put in a stronger move on June 6, and that was our entry signal. We issued an alert to buy stock that was asking $6.72 as well as some October 2023 $6.00 strike call options trading at $1.10 on the ask. CX put in some nice upside from there for the following week, but it was a steady move, not racing higher. With CX performing well all year, we were content to let it work. Well, after that initial move CX tested the 20-day exponential moving average (EMA); totally normal. It worked laterally a week, started upside, but then the stock was hit with a day of selling that dropped it to the 50-day MAs. Not great, but CX did what a good stock should do: it held the line and continued upside again. Another steady rally into late July. Moving higher, but very, very slowly. Well, CX continued to wend its way up the 10- and 20-day EMAs into August. It bumped at the target for over a week, and we were just about to pull the trigger on the gain when it made a break higher this past week. That pushed CX to the target, and just as it traded in that range, the sellers started to come in. CX tried for over a week to get through -- obviously there was resistance. Then, when it did break through, there was no new launch higher -- the sellers hit it. That was a clear sign the run was getting stale. We issued the alert to sell, with the stock trading at $8.09 on the bid and the options trading at $2.17 on the bid. That locked in some solid 20.3% stock and 95% option gains. Now, we let CX test back to the 50-day MA and see if it can set up a new rally from there. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( [3 A.I. Stock Picks (On Us)]( It’s time to instantly scan, pick the best stocks, and identify trend reversals in as little as 15 minutes with up to 87.4% proven accuracy. [Click here]( now to join and get access. 3. Covered Call Options Play Zymeworks Inc. (NASDAQ: ZYME) -- Zymeworks Inc. is currently trading at $7.27. The Sept. 15 $7.50 calls (ZYME20230915C00007500) are currently trading at $0.35. That provides a return of about 10% if ZYME 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]( About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall](.com - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( 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 Dividend Investor Daily. 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. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](