Weekend Wrap Up for 12/10/2023

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 12/10/2023 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [2024 Will Trigger A New "Age of Chaos"... Is Your Portfolio Ready?]( Soaring debt and spending. Rampant inflation. ESG mandates. They're all signs that America is headed for a tipping point in 2024 that could trigger chaos in the markets and society. But all hope isn't lost. The Freeport Society is a group of independent thinkers who see what's coming and are showing folks how to prepare and profit from these trends. In fact, they've just released a free report revealing 5 "unapologetically profitable" stocks that will help you prosper in the face of 2024's coming chaos. [Click here to claim their new research in seconds.]( 1. Market Summary [Jon Johnson] - Stocks start higher, add to gains, as the indices do what was necessary to hang onto the upside - Jobless claims not too hot, not too cold - That time of year: Bank of Japan (BOJ) hints at being tougher on interest rates. Someday. - Bank Term Funding Program (BTFP) Fed facility usage surges as the arbitrage trade grows - Nasdaq indices, PHLX Semiconductor Sector (SOX) post very solid recoveries form the Wednesday reversals - Now up to the jobs report The dollar was again rocked against the Japanese yen as a BOJ governor commented that ... monetary policy would get tougher after year's end (“handling of monetary policy will get tougher from the end of the year”). Oh my, the BOJ is threatening to get tough again -- as it has for a couple of years now only to do the opposite. Action over words, right? That said, the market appears to buy into the "we are going to get tough (someday)" rhetoric. Allowing itself to be deceived near term? Perhaps; sometimes markets do that. NOTE: The figures and facts above are from the 12/7 report. MARKET VIDEOS [Click here to watch!]( Note: The videos are from the 12/6 report. [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 Investment House Daily: The market spent two weeks attempting a consolidation of the second leg higher off the October low. As the indices moved laterally, there were a few false starts and some less-than-positive upside action, e.g. gaps higher that were reversed intraday. Nonetheless, our positions performed, and we were able to bank some very solid gains through the week. Cleveland-Cliffs Inc. (NYSE: CLF): 18.5% gain in the stock, 124% gain in the options Marathon Digital Holdings Inc. (NASDAQ: MARA): 29.3% gain in the stock, 90.5% gain in the options Riot Platforms Inc. (NASDAQ: RIOT): 31% gain in the stock, 102% gain in the options Snap Inc. (NYSE: SNAP): 21.6% gain in the stock, 136.9% gain in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Technical Trader: The market rally has hit a slow spot in the Q4 rally as market participants digested a ton of data that relates to the Fed’s future actions, economic direction and, of course, earnings. The cool thing about this move is that from a narrow initial grouping of leaders, many sectors have contributed with some leaders or at least stocks that built some quality patterns and setups, then delivered on those patterns. We have reaped the reward of stepping into these new areas as they show the "buy me" moves. Lululemon Athletica Inc. (NASDAQ: LULU): 121% gain in the options Masco Corp. (NYSE: MAS): 225% gain in the options Netflix Inc. (NASDAQ: NFLX): 44.8% gain in the options Quanta Services Inc. (NYSE: PWR): 95.5% gain in the options Ralph Lauren Corp. (NYSE: RL): 71% gain in the options Steel Dynamics Inc. (NASDAQ: STLD): 45.75% gain in the options Workday Inc. (NASDAQ: WDAY): 263% gain in the options [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Rapid Profits Stock Trader: The great thing about this rally are the wide range of stocks that are moving as waves of groups make their moves to contribute upside. That gives us some fresh areas to work some plays on stocks that are well-positioned and don’t sport the eye-watering prices of some of the big chips, big Nasdaq names, etc. That mix has provided some great entries and some solid moves. Some positions we banked: bluebird bio Inc. (NASDAQ: BLUE): 15.5% gain in a four-day play Opendoor Technologies Inc. (NASDAQ: OPEN): 9.84% gain in a play that is still working higher for us. We banked half the 9.8% gain, and OPEN has continued higher and we let it work as long as it rallies. [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 Metropolitan Bank Holding Corp. (NYSE: MCB) -- Metropolitan Bank Holding Corp. is currently trading at $43.97. The Jan. 19 $45 calls (MCB20240119C00045000) are currently trading at $1.25. That provides a return of about 7% if MCB 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. 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