Weekend Wrap Up for 9/29

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]( [Success Trading Group]( [About Jon]( In This Issue: - Market Summary - Targets Hit - Pick of the Week - Covered Call Options Play Weekend Wrap Up for 09/29/2019 by Jon Johnson Editor, [Investment House Daily]( , [Technical Traders Alert](, & [Success Trading Group]( [Five Ways to Save Your Account BEFORE the Market Gets Ugly]( Do you know how to tell before the bottom drops out of the market? In this brand new FREE e-book, you’ll learn five tips, tools and strategies that can keep you from costly losses during dips and corrections... and save your account before a meltdown. [Get the full story]( by downloading 5 Tips for Overcoming Market Volatility. Because not only will these strategies let you sleep soundly at night... they will keep your money growing while they’re protecting it! [Click Here to Read More...]( 1. Market Summary [Jon Johnson] Excerpted from Thursday's paid content of ["Investment House Daily"]( by Jon Johnson. Stocks Set To Rebound, Achieve Mixed Success - Stocks were set to rebound, but faded as growth stocks led the downside. - The data are a bit disappointing regarding the United States' gross domestic product (GDP), but are solid regarding pending home sales. - China and the United States continue to trade barbs regarding trade. - Large caps are low energy. - Bonds show the 2 year/10 year spread is back to flat and ready to invert again. - Repurchase agreements remain the biggest story not told. - The path of least resistance does not appear upward, but could the Fed be in the market yet again? - Someday, a trend will come. After the European markets closed, the news seemed to indicate that China was buying more U.S. agricultural goods. Pending home sales jumped 1.6% versus the 1% that was expected. This was a gain of 2.48% year-over-year and the biggest yearly increase since April 2016. In the face of the impeachment debate, the American people found out that the whistleblower witnessed none of that which he complained about. Everything was hearsay that should be investigated, but won’t be. Stocks rallied into the last hour. Then, word broke that the Trump administration likely will not extend the waivers to sell to Huawei. Furthermore, China said the United States is spreading anti-Chinese sentiment in places such as Hong Kong. Well, I guess both sides have figured out that they can never have too much goodwill ahead of the October talks. S&P 500 and NASDAQ: The NASDAQ and the S&P 500 look weaker, particularly the NASDAQ, as both sport upward pointing wedges that started in early 2019. Both also tested higher over the past three weeks and failed three times, if you count a half-hearted effort on Tuesday. Both have cracked the bottom of the wedge. As a refresher, stocks tend to break in the opposite direction of the point of the wedge. NOTE: The figures and information above are from the 9/26 report. [Watch Market Overview Video]( NOTE: The video is from the 9/25 report. [The Single Fastest & Most Reliable Way to Get Rich in America Today]( Recently, a Top-20 living economist was invited to give a talk to a small group in Washington, D.C. Normally, he doesn’t share personal investing stories with audiences, but this time, he slipped up. He revealed an investment -- the biggest holding in his IRA -- which helped make him a millionaire. Just minutes into this talk, he reveals the single stock that he considers “the fastest and most reliable way to get rich in America today.” [Click here now]( to watch… you’ll be glad you did. [Click Here to Read More...]( 2. Targets Hit Here is one completed trade from Investment House Daily, offering insights into our trading strategy and the target that we have hit this week: Pinterest Inc. (NYSE:PINS): Many of the initial public offering (IPO) darlings from the summer are getting scorned now. However, Pinterest Inc. is a stock that made us great upside gains from late July to August. Then, it peaked and failed a test of near support. It quickly dropped down to and even through the 50-day moving average (MA) by early September and then rebounded to test that break. That is a bear flag, and we love to play that action if the stock starts back downwards. We recommended a trade in the 9/13 report, started to watch the action and let the test complete. Sometimes, it takes time before this kind of stock gives up and PINS fit that description. PINS then tried one more test of the 50-day moving average, showing a doji as it tested that level on the prior Friday. From there, it dipped. On Monday, PINS hit our entry price and we bought October $29.00 put options for $2.00. [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Here is a completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we hit this week: NYSE:SNAP (Snap Inc.) Our Success Trading Group members scored another winning trade when we closed out a position in Snap Inc. (NYSE: SNAP). We are watching several other stocks and are looking forward to trading next week. Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade. All of these trades are posted on our Main Trade Table for your review during your free membership trial period. [For Success Trading Group samples, click here!]( [Citibank’s Dirty Little Secret]( They’re paying you 2.5% on CDs, or 4-5% on a bank fund, while they’re raking in up to 12% a year on these little-known stocks, funds, and Master Limited Partnerships! Wells Fargo and Bank of America are in on the game too! Here’s how you can cut out the middleman and [get in on these income bonanzas]( too. [Click Here to Read More...]( 3. Pick of the Week NASDAQ:SBUX (Starbucks--$90.07; -1.49; optionable) EARNINGS: 10/24/2019 STATUS: While SBUX gapped to a higher high in late July, it immediately sold back and then fell into a six-week malaise. It had good earnings and then nothing. Two weeks ago, it broke the 50-day MA on big volume. For the past two weeks, it wandered laterally below the 50-day exponential moving average (EMA). We are looking for a break lower in order to move into the downside position. A move to the target will give us a gain of 90% on the October puts and a gain of 50% on the November options. VOLUME: 11.242M Avg Volume: 6.792M BUY POINT: $89.98 Volume=8M Target=$85.65 Stop=$91.32 POSITION: SBUX OCT 20 2019 90.00P - (-47 delta) or NOV 15 2019 90.00P - (-46 delta) [CHART IMAGE]( [STOCK VIDEO]( [To receive all of Jon's picks in Investment House Daily, click here now to start your risk-free trial and save 50%!]( --------------------------------------------------------------- 4. Covered Call Options Play Coherus Biosciences Inc. (NASDAQ:CHRS) -- Coherus Biosciences Inc. is currently trading at $20.86. The November 16 $20.00 Calls (CHRS20191116C00020000) are trading at $2.80. That provides a return of about 14% if CHRS is above $20.00 by the expiration. [Learn more about our Covered Call Tables here!]( About Investment House: [Investment House](Online 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]( [Investment House Daily Pro]( [Investment House Technical Traders Alert]( [Investment House Technical Traders Alert Pro]( [Success Trading Group]( The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Eagle Products, LLC, or Caron Broadcasting Company. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites. This is a commercial email. It may contain advertisement or solicitation. This email was sent to {EMAIL} because you are subscribed to the Investment House Weekend Wrap Up List. To unsubscribe please [click here](. View this email in your [web browser](. All Rights Reserved. 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