Weekend Wrap Up for 01/14/2024

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 01/14/2024 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( Sponsored Content [Unveiling the Future of Drug Development with AI!]( Imagine reducing drug development time by 1000x. That's the power of AI in healthcare, and our spotlighted company is at the forefront. Their stock, currently a bargain under $10, represents a potentially transformative investment in AI and healthcare. Discover the compelling evidence. [See the proof here]( 1. Market Summary [Jon Johnson] - Consumer Price Index (CPI) hotter overall, cooler Core, but key areas return to rising as food hits record highs. All is well. - Citi warns the day before earnings the Venezuelan peso may cause Citi to miss its results. - Indices sell, but post strong afternoon recoveries. - Positioning not changed, but the intraday action was solid. - U.S. December spending increases 50+% year/year. Elections are coming, after all. - Futures down modestly as U.S./United Kingdom attack Houthi targets. - Producer Price Index (PPI) on CPI’s heels rounds out the 2023 inflation picture - Nasdaq big names are holding the indices higher. That buys time for the market, but other sectors need to break out as well. A hotter-than-hoped CPI knocked stocks back on their heels after some early premarket gains. The indices, however, did a very credible job of stiffening the upper lip around the European close, recovering most of the lost ground and indeed even ticking positive by the close. The action still is not a clear reversal back into rally mode, but stocks ticked off one major economic data point and survived. Now it is time to face the bank earnings premarket Friday, an early earnings season ritual that may have more intrigue after Citi warned this morning (thanks for the heads up with so much time ahead of earnings ...) its quarter "may" be lower thanks to, of all things, the Venezuelan peso. Seriously? The Venezuelan peso has that much influence on Citi’s earnings? Better call in the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve -- yeah, sure. NOTE: The figures and facts above are from the 1/11 report. MARKET VIDEOS [Click here to watch!]( NOTE: The videos are from the 1/10 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: ProShares Bitcoin Strategy ETF (NYSEARCA: BITO): With the Bitcoin spot exchange-traded fund (ETF) on the cusp of Securities and Exchange Commission (SEC) approval, the cryptocurrency area was active on the week. Indeed, BTC continues trading well along with the other currencies. Even though everyone knew the approval was made and trading would start Thursday, when the trade did start, these stocks popped. It was not for the entire session, however. We figured the gap on the open would not last -- again, it was known information and was just a rah-rah move. Thus, we banked some more gain on our positions, banking a 33% gain in our BITO position. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Rapid Profits Stock Trader: TMC the metals company Inc. (NASDAQ: TMC): Steel stocks have performed well for many months, but not all move at the same time. TMC had that big surge in the summer of 2023 that we traded, but after such an outsized move, when it topped, it needed a long period of recovery and consolidation. It took it. We watched it all the way, and, in November and December, noticed the potential for developing an inverted head-and-shoulders pattern. Sure enough it did, breaking higher early 2024. We were able to enter on that move, playing stock positions on this low-priced stock. This past week, after a nice break higher, we banked 26% on one position and 12% on another. TMC is now testing, and we want to move in if it can hold its near support and make a new break higher, continuing the breakout. Why? These big bases set a good foundation for protracted advances -- meaning it makes us a lot of money. [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 LendingClub Corp. (NYSE: LC) -- LendingClub Corp. is currently trading at $8.61. The Feb. 16 $9 calls (LC20240216C00009000) are currently trading at $0.50. That provides a return of about 11% if LC is above $9 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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