Weekend Wrap Up for 10/15/2023

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 10/15/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Wall Street's biggest income secret leaks to a few retail traders]( Have you seen this? One of Wall Street's biggest income secrets just got leaked to a select few retail traders... It allows retail traders to tap into the same secret income streams big banks have been exploiting for years... And get this... One of those retail traders is using this little known strategy to generate weekly income. [>> Click here, you won't believe how simple it is.]( 1. Market Summary [Jon Johnson] - Stocks rattled by hotter Consumer Price Index (CPI), recover from it, move higher. - Market recovery chop-blocked by a terrible 30-year auction. - Late rebound makes things a bit better looking at the close. - Small-caps, mid-caps slaughtered as the economics at home look depressing. - Same leadership groups hold up well enough as the market continues using this action to build patterns. - After all the back and forth, I still believe this action is just part of the setting the stage for the next leg higher in a Q4 rally. Thursday, stocks did a very good job of surviving a hotter than expected CPI. It was just the headline, however, though it was hotter both month/month and year over year. But, we all know the headline doesn’t count, right? Core was in line and core year/year fell to 4.1% from 4.3%. Giddy up. NOTE: The figures and information above are from the 10/12 report. MARKET VIDEOS [Click here to watch them!]( NOTE: The videos are from the 10/11 report. IMPORTANT ANNOUNCEMENT: We are hosting Eagle’s Live Event on Wednesday, Oct. 18. If you haven’t signed up for this yet, there’s still time. Just [click here now to sign up for free](. Believe me, you won’t want to miss this online event -- as we bring together all of Eagle’s investment experts for our LIVE event titled Profit in the 4th Quarter With the World’s Most Trusted Experts… Reserve your seat now [by clicking here](. [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.]( 2. Targets Hit Rapid Profits Stock Trader: United States Steel Corporation (NYSE: X): Sometimes boring can be a nice reprieve in a volatile market. Sometimes. We did not enter this trade, however, with boredom as a criteria. X gapped higher on Aug. 14 on much better-than-expected earnings. It was a strong gap, but it took X right up to the March high that started the base -- not a breakaway gap, so we were not ready to jump all over this for more upside as you would with a breakaway type. We watched to see if the gap would try to fill or if X held the gap and then started higher. We watched and watched and watched. X did not fill, it just moved laterally. Finished August. Started September. Continued moving laterally in a tight range. Then, the third week in the month, X moved higher, testing the old high and the gap highs. It faded for two days but held a higher low at the 10-day exponential moving average (EMA). Okay, if X made the breakout from here, that indicated X was going to continue upside. It tried that break, made it intraday, but faded in that test. On Sept. 22, however, X made the breakout move again, and this time it held. That was our entry signal and we issued the alert to buy the stock trading at $31.92 on the ask. Our target was $34.40, not that far off for a stock that posted such a nice surge on earnings. So, we settled back and let the move happen. X did move, working steadily up the 10 day EMA. But as with the lateral move, it was glacial pace. Up a couple of days, test a couple of days, up a couple of days, test a day ... a rather monotonous move. It did, however, continue that move. One week. Two weeks. Three weeks. This week was week number four. All holding the 10-day EMA. After that number of weeks, no matter how steady, a trader knows a stock is due a test to reset. After a good upside move Wednesday and a bit more added Thursday -- in an up and down session -- we saw Friday start soft when the market was higher in nearly all areas. That was enough of a signal so we opted to sell half the position. We issued the alert to sell half the position with the stock bidding $33.54. That banked just over 5% for us. Not the 7+% of our original target, but solid enough with the risk of a test growing. Now we see if the remainder of the position holds near support and continues the steady climb higher to the $34.40 level. Boring? Making money is never boring. [Receive a risk-free trial to Rapid Profits Stock Trader and save 50% by clicking here now!]( [Trade Smarter: Discover Hidden Opportunities w/ A.I.]( The world’s leading artificial intelligence is forecasting trends in the market in our Free Live A.I. Training. [Save your seat to watch live >>]( 3. Covered Call Options Play The Bancorp Inc. (NASDAQ: TBBK) -- The Bancorp Inc. is currently trading at $34.66. The Nov. 17 $35 calls (TBBK20231117C00035000) are currently trading at $1.65. That provides a return of about 7% if TBBK 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]( About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. 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