Weekend Wrap Up for 10/08/2023

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 10/08/2023 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] - Indices volatile intraday again, hold support again. - Indices move laterally as stocks work on their patterns. - Jobless claims lower, trade deficit lower: both suggest stronger data using conventional wisdom, but lower imports mean a weaker consumer. - Gloom suddenly popular. Big money talks gloom to help seasonal push lower as they buy growth. - Bank of America says no housing crash when likely one of the buys of a lifetime is coming. - Searches for "Sell My Airbnb" surge, as that housing market driver starts to roll over. - Jobs report gives the next data as indices show quite solid staying power after looking ready to roll over early week. Stocks sold from basically flat line ahead of 8:00 a.m. EST, dropping ahead of the data, rallying back after the data, but then dropping once the opening bell rang. They sold into the European close turning decidedly negative. All indices touched down to the Wednesday lows then reversed, marching straight up through most of the penultimate hour. They slid laterally in the last hour, but that was enough to close almost every index flat or close thereto. Once again, daily volatility spiced even more by intraday volatility. In the end, stocks basically traded flat ahead of Friday’s jobs report. The Russell 2000 (RUT) actually closed higher as the S&P 400 just missed positive as it faded late. NOTE: The figures and information above are from the 10/5 report. MARKET VIDEOS [Click here to watch.]( NOTE: The videos are from the 10/4 report. [The most important online financial education event of 2023]( You are personally invited to join DayTradeSPY for the most important online financial education event of the fall. Of course, it’s the Wealth365 Summit, which begins October 9th, runs through October 14th. You’ll hear from over 60 world-class traders and investors, including us! We’ll share ideas, insights, tools, and technology that aim to be up-to-date and instantly actionable for protecting your retirement and building your wealth, regardless of overall market conditions. [Click Here Now To Reserve Your Complimentary Seat.]( 2. Targets Hit Due to the recent volatility in the market, I decided that it would be better to be safe than sorry and continued to hold our current positions. Watch this space for news regarding my picks as soon as the trading skies clear! [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 Abercrombie & Fitch Co. (NYSE: ANF) -- Abercrombie & Fitch Co. is currently trading at $54.54. The Nov. 17 $55 calls (ANF20231117C00055000) are currently trading at $3.40. That provides a return of about 8% if ANF is above $55 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. 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