Weekend Wrap Up for 09/24/2023

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 - Target Hit - Covered Call Options Play Weekend Wrap Up for 09/24/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( [If You Think the Stock Market is Unpredictable, Think Again]( Believe it or not, there’s a way to know what direction a stock is poised to go over a period of time… I’m talking about a technical trading technique that lets you know whether a stock is going up…or whether it’s going down – within a rough time frame. I personally use this technique to consistently make profitable trades… And I’ve put together a short presentation with details on how you can start taking advantage of this technique alongside me. [Click this link to view the presentation.]( 1. Market Summary [Jon Johnson] - Jobless claims remain low and there are some reasons for that - Philly Fed drops stone-like after a one month upside blip - Leading economic indicators again indicating weakness - So bad it is good: S&P 500, Nasdaaq, DJ30 very near support from August lows - Leadership thins further as the usual suspects fade away, e.g. software, some big name techs. - Friday after serious selling leaves open a short covering relief bounce. A second selloff post Powell. No "Thursday after" opposite day from the Powell presser selling. Large downside gaps on the large cap indices followed by selling to the close. Russell 2000 gapped and sold as well. S&P 400 just sold; didn’t need a gap. NOTE: The figures and information above are from the 9/21 report. MARKET VIDEOS [Watch them here!]( NOTE: The videos are from the 9/20 report. P.S. I will be holding a subscribers-only teleconference entitled  "How the September Market Predicts the Fourth-Quarter Performance" on Sept. 27 at 2 p.m. EST. The event is free, but you must [register here]( in order to be able to attend. Don't miss out! Sponsored Content ["Amazon Secret Royalty Program" Can Help YOU Retire Like Royalties]( A unique type of investment could help you make more money than you will need for the rest of your life. It's what we call the "Amazon secret royalty program." It's an income stream that allows you to collect $1,000s… $10,000s… or more every year! And it only takes a few minutes to set up. [Learn how to collect your first payout before December 10th.]( 2. Target Hit Rapid Profits Stock Trader: Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA:SOX): When the market sells, sell. Or at least play the downside. With many exchange-traded fund (ETF) possibilities now available, you don’t even have to switch your thinking: play the upside to play the downside. Inverse ETF’s allow people used to playing the upside to play the downside with upside patterns. Index goes down, the ETF goes up. With the indices weakening heading into the last half of September -- typically the worst month for stocks (the old adage "stocks sell in September to bottom in October" still applies even with the Fed controlling markets) -- we were watching for downside opportunities. The semiconductors are very key to the market, and when their patterns started turning bearish we wanted to play the move but with stock. Thus, the index ETF’s such as SOXS come into play. Lots of volume, reasonably priced, SOXS can turn a nice and quick profit when the selling starts. On Sept. 15, SOXS broke higher through the 50-day exponential moving average (EMA) -- as the PHLX Semiconductor Sector (SOX) broke below that same level. The indices were trying to hold their 50-day moving average (MA) all through the month, and when they started to go, the probability of September selling jumped. That break up through the 50-day EMA was our entry signal. We issued the text and email alerts to buy SOXS trading at $11.01 on the ask. SOX traded higher the next session but faded, only to resume the upside on Tuesday. Then the sellers hit post-Powell and the Federal Open Market Committee (FOMC) interest rate decision, surging SOXS upside as SOX fell. Thursday stocks suffered again with SOXS gapping upside as the market gapped downside. Then came decision time. SOXS can still run further for us -- the September selling likely is just starting. At the same time, the market had struggled all week, selling Monday, Wednesday and Thursday in big chunks. After that kind of selling there would likely be short-covering on Friday ahead of the weekend. We decided to sell half the position as we had a decent quick gain built in. We issued the alert to sell half the position for $12.02, banking 9.17%. The rest we are leaving to work lower here in the last part of September, looking for this September selling to lead to more gains into an October bottom. Then, we look to play the rebound and the seasonal move back upside. [Receive a risk-free trial to Rapid Profits Stock Trader and save 50% by clicking here now!]( [Warning: America on the Brink of Financial Crisis!]( Traders who make money understand the need to optimize their trading strategy to capitalize on every opportunity that comes their way. [Count On This Dual-Patented A.I. Trading Tool (Learn for FREE Now) >>]( 3. Covered Call Options Play Hilton Grand Vacations Inc. (NYSE: HGV) -- Hilton Grand Vacations Inc. is currently trading at $40.13. The Oct. 20 $45 calls (HGV20231020C00045000) are currently trading at $0.15. That provides a return of about 18% if HGV is above $45 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. 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